09/26/2009 05:12 am ET Updated May 25, 2011

Chanos Gave Secret Presentation To G7 Finance Ministers Warning Of Economic Collapse

This happy band of G7 finance ministers looked perfectly relaxed as they arrived for their gathering in Washington in April 2007.

But it now turns out that they were all given a secret 60-minute presentation which warned of the dangers of toxic US subprime loans infecting banks across the world - and the risk they posed to the entire global financial system.

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