House of Cards
Warrick Kemp (b 1968)
House of Cards
Bronze - Edition of 6
Height: 78 cm
R89 000
The business of debt, and the ascendancy of financial considerations in national policymaking.
In the US, financial services overtook manufacturing as the largest sector of the economy in the 1990’s. Hedge funds and securitization created a financial system that allowed the selling, repackaging, and reselling of ‘toxic’ debt. This unsustainable practice, inspired by greed, grew like a pyramid scheme; the true value of these investments was determined by some doubtful assets and structures, making it almost impossible to equate.