The Debt Predators

By Katharina Pistor NEW YORK – What do the Calabrian organized crime syndicate ‘Ndrangheta, Hertz, China’s Sichuan Trust, and the US Federal Reserve have in common? They are all deeply entangled in a financial system that has turned credit intermediation into a debt mint that produces assets to enrich investors but leaves households, firms, and […]

The post The Debt Predators appeared first on East African Business Week.

Go to Source

Powered by WPeMatico