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Bruce Shapiro reports; Baring Crisis 1890;Chiune Sugihara: Holocaust hero

July 7th, 2015

Episode 217 of 506 episodes

Sovereign Debt Crises are more common than you think in the global economy. In Argentina in 1890 bank defaultscaused global economic chaos. The respected English Bank , Baring was badly exposed to Argentine debt and was bailed out by the Bank of England. The questions ask then are the same as now with Greece, who’s most responsible for the mess - the borrower or the lender ?