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Invasion of the Corporate Body Snatchers - JPG
In this cartoon, Herb Block anticipated the super-giant, super-mergers that came later. In the 1980s, the deregulation of banking in the United States allowed financiers to use unprecedented and risky tactics. Financial innovations such as junk bonds encouraged corporate mergers, leveraged buyouts, and hostile takeovers at a phenomenal rate. By April 1985, the failure of many savings and loan institutions cost U.S. taxpayers hundreds of billions of dollars. It was described by former Attorney General Dick Thornburgh as the biggest white collar scandal in history. Herb Block says, "It was swept under a very large rug."
1985 
september 2010 by HERBLOCK_POLITICAL_CARTOONS
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