No. of Recommendations: 2
...'cept the oil industry didn't bother shipping fuel around. They just swapped around bits of paper claiming ownership of quantities of oil.

So that's where the bankers learned the hypothecation/re-hypothecation/re-re-re-re-hypothecation, CDS and derivatives games: they merely copied the oil industry.

And here I thought they came up with it all by themselves.

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