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Dismantling the economy’s legal infrastructure V-5-e: The collapse of Bretton Woods and the entrenchment of Too-Big-to-Fail — Step 5: The growth of lever...
https://syntheticassets.wordpress.com/2019/08/08/dismantling-the-economys-legal-infrastructure-v-5-e-the-collapse-of-bretton-woods-and-the-entrenchment-of-too-big-to-fail-step-5-the-growth-of-leveraged-buyout-loans/
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A consequence of the special protected status granted by the US government to the money center banks was that even after the LDC crisis they continued to raise money with ease and at low cost relat…
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