NJ5 on 05 July 2009
| kowenicki said: @nj5 I dont know where to begin with that response... its wayyyy to simplistic. |
Well, begin somewhere... I'm not saying all would be fine and dandy by letting big banks fail, but it would be better than what we're seeing now.
What we're seeing is more obfuscation and uncertainty, with banks which haven't revealed what the next ticking bomb is... When Sweden and Japan had banking crises, the problems only got solved after banks were forced to reveal whether they were solvent or not, by disclosing their credit assets.
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