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Friday, April 10, 2009

Author who foresaw global crisis fears worse ahead


An author who saw the global financial crisis coming fears the next bubble will come in the form of inflation and has little confidence US President Barack Obama's team is up to the challenge ahead.

"The Democrats have replaced the Republicans as the big benefactors to the financial community," said Kevin Phillips, author of "Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism."

Source: www.dailystar.com.lb

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