77. Banks without owners are dangerous

April 28, 2009 § Leave a comment

This whole post is worth reading.

The present situation, in which the government has assumed defacto ownership, through a combination of equity injections, bond guarantees, and asset purchases and guarantees, but refuses to take control, is extremely dangerous.

via Economists View: Paul Krugman: Money for Nothing.

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You are currently reading 77. Banks without owners are dangerous at Reflections on GardenWorld Politics Douglass Carmichael.

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