Here’s the recipe: Start with a few billionaires. Next, let them put trillions of dollars in unregulated pools of capital. Next, add a dash of pandemic speculation.

What could possibly go wrong?

Meet the family office, the last known vestige of the shadow financial system—and a potential cause of the next meltdown.

Read the full article at MarketWatch.

Chuck Collins directs the Program on Inequality and the Common Good at the Institute for Policy Studies. Follow him on Twitter @Chuck99to1.

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