…. big banks in the United States, Germany, France, Switzerland, and all around the world turn a convenient blind eye to where the hot money comes from, in their ardent competition for capital inflows. Indeed they do more than turn a blind eye: the banks have deliberately set out to attract hot money by setting up branches in the Bahamas, Cayman Islands, in Miami or San Diego, or wherever the itinerant funds may land…. from Leonard Silk’s introduction to R.T.Naylor’s book “HOT MONEY AND THE POLITICS OF DEBT
ISBN: 1-895431-95-8


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s