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Financialization, deregulation and securitization transactions
Before the 1980s, banks couldn’t use people’s deposits as collateral for investments. Banks were not allowed to use their customers’ deposits to invest them. Up until the early 1980s, when you owned a share in a company, a building or a field and wanted to buy or sell other shares, the state levied transfer duties.…
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Meisje met de parel
Why is Vermeer’s “Girl with the Pearl Earring” considered a masterpiece? – James Earle – TED-ed – “James Earle explains how this work represents the birth of a modern perspective on economics, politics, and love.” “In the seventeenth century, the city of Delft, like the Netherlands in general had turned against ruling aristocracy and the…