Stephen Kanitz

The Antidote to Economic Malaise: A Culture of Collective Mindfulness

We seem to have forgotten the 5 C's of Credit. IBanks lent on Collateral only. Madoff investors invested on Character, sic, and forgot the rest.

Stop Calling This a Depression

Banks cannot lend more than 12 x their inflation erroded capital. that's Basel bank regulation at its best.

When banks made hefty profits, no problem. But 2009, banks will have to curtail lending by -4% inflation x 12, or -48% of capital.

Its the same old story that destroyed comercial banking, and favoured investment banking, withou this ludicrous rule.