The Big Whoosh: Is This The Beginning? [View article]
The only thing can solve this situation is to force banks to declare completely their losses. Europe is moving in this direction. It's not a problem about liquidity, it is a problem about trust. You can't deal with anyone because you don't know if it can repay his obligations. Bernanke asks for the opposite. This is absurd!
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Latest | Highest ratedThe Big Whoosh: Is This The Beginning? [View article]
Bernanke asks for the opposite. This is absurd!