The Credit Pandemic and the New World Order

Regulators from Washington to Seoul are looking to crack down on hedge funds.


The global financial system is on life support. The credit crisis that began in the U.S. subprime mortgage market nearly two years ago has become a pandemic, taking down banks, brokerage firms, insurers and other institutions caught in its path. In response governments around the world have injected trillions of dollars, propping up troubled companies as they try to avoid a repeat of the Great Depression.

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