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Morgan Stanley to pay $3,2bn over "flawed" mortgage loans

Morgan Stanley is the latest US bank to fess up to its role in the grand heist of 2008 when it fleeced investors and dumped subprime mortgages onto unsuspecting investors. It will cough up $3,2bn we learned this week. Bank of America agreed to pay $16,6bn in 2014.

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Racial inequalities show up in matric results

An examination of matric results by the Institute of Race Relations shows whites scoring higher marks than other race groups. This suggests not nearly enough has been done to deliver quality education to black South Africans, according to the Institute. 

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