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The Coming Systemic Bust of the U.S. Banking System: “Dead Stocks Rallying”

By Nouriel Roubini

This past week started with concerns about another systemic meltdown of the U.S. financial system as the insolvency of Fannie and Freddie was revealed and as Indy Mac went bust (this is the third largest bank collapse in U.S. history). But the week ended with a remarkable…

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