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Now Let’s Get Rid Of The Income Tax Nathan Lewis The Current Account Deficit Nathan Lewis The Current Account Deficit #2: Savings and Investment Nathan Lewis The Current Account Deficit #3: Complete Nonsense Nathan Lewis

overtheedge
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The Wrong Way to Fix Europe's Busted Banks - Nathan Lewis - New World Economics

Yes, but ...

In 1933, banks tended to be stand-alone banks. Separate entities.

Nowadays it is difficult to tell where one bank ends and another begins. They have become like the Borg. You (smaller bank) will be assimilated. The only difference is the Borg can afford to lose one or hundreds of units but in this case even the smallest bank is the equivalent of a spleen. Slightly larger is a kidney. Larger than that is TBTF.

Commented 4251 days ago

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Beginning of the headline : There’s a certain process that is supposed to happen when a bank becomes insolvent, as many banks are today worldwide. The bank enters some form of bankruptcy, although this may be termed “receivership” or “nationalization.” The equity becomes worthless. Assets are written down... Read More

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