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Smoke, mirrors ... and how a handful of missed mortgage payments started the global financial crisis

GLOBAL FINANCIAL CRISIS, PART 4: How we got here -Iain Macwhirter traces the history of financial mismanagement, fraud and complex mathematics that combined to culminate in a run on � and the collapse of � some of the world�s biggest banks

Last week, something happened which I never expected to see in my lifetime. There was a general run on the entire British banking system, something that hasn't happened before, even in wartime.