The great crypto collapse
The David McWilliams Podcast
00:00
The Salad Oil Fraud
Tino De Anjos was the biggest marketer of soybean oil in America. He borrowed money collateralized against tanks of high grade valuable oil. The bank that was ending in the money only occasionally came out to check that there was oil in tanks. And he ended up borrowing enough money to finance more soybean oil than the United States of America producers in India.
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