by Andrew Gavin Marshall
April 28, 2010
April 28, 2010 — As U.S. cities and towns wrestle with financial problems, investors are finding a new way to profit on their misery: by buying derivatives that essentially bet municipalities will default. Across the ocean, Greece’s debt mounting by the day and the United States starting to recover from the worst financial crisis since the Great Depression, will there be a ripple effect from Greece’s troubles?
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