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Cartoon: Bring me your collateralised debt obligations

Cartoon: US federal and private debt crisis with President Barack Obama © Matthew Buck hack Cartoons

© Matthew Buck hack Cartoons

We are hearing a lot about the sovereign, national and private debt crises in Europe from our media presently and especially relating to Greece. But as a blog from Stephanie Flanders of the BBC explains, the elephant in this particular room may be the United States of America.

The image above is extracted from this week’s episode of Tobias Grubbe

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