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If you ever watched the movie, “Enemy of the State” starring Will Smith, you no doubt told yourself it was mere fiction. But, what happened to Will Smith was not far fetched. Something similar to what happened to Will Smith happened to this week's guest, Catherine Austin Fitts who applied her banking skills from her days at Dillon Read to help put the federal mortgage operators at FHA/HUD on a sound footing and lower their cost of capital. If America were truly a land of free enterprise and opportunity, Catherine’s efforts would have been richly rewarded. Instead, her competition was punished
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