“Climate Policy” Is A Financial Swindle
As Ms. Bartsch was drafting her 2007 report on The Economics of Climate Change (cf. previous item), the “next major shock to the global economy,” was occurring right at her very bank, Morgan Stanley! One big trading desk alone lost $14.5 billion, dwarfing all previous bank losses in history. Hopelessly bankrupt, the investment bank was bailed out – first by […]
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