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"Seneca had made the bargain that many good men have made when agreeing to aid bad regimes. Their presence strengthens the regime and helps it endure. But their moral influence may also improve the regime's behavior. For many, this has been a bargain worth making, even if it has cost them—as it may have cost Seneca—their immortal soul. The Rome he has been trained to serve, the Rome of Augustus and Germanicus, was gone. In its place stood Neropolis, ruled by a megalomaniac brat.” James Romm

Showing posts with label securitization. Show all posts
Showing posts with label securitization. Show all posts
12 April 2012

Securitization - The Undead Heart of the Shadow Banking System

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Here is a study of the shadow banking system, and what changed that helped to fuel the credit bubble and the financial collapse. The roo...
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