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You searched for: label/Bank Crisis

Paul Volcker Feb.20

…to private banks. We’re moving from private banks to state control of credit, where we meet in the middle someplace. The explanation for this expansion of the central bank is…

Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…