JasonC

Global Coordinated Rate Cut: Nice Try, but the Party Is Over

Capitalism has thrived with banking its centerpiece for 300 years, not 7 or 35 or 95. No, the fault does not lie with banking.

As for the comments about sound banking this and checking up on them that, you won't have any banks. You don't deserve any banks, all you do is trash them.

This is readily fixed if the authorities just stop listening to the populist luddites demanding bankers be slaughtered and actually help them. It won't help the populists either way, they will pay regardless. If they use capital they will pay its full costs, if they won't pay them then they won't have any capital to use.

How to fix, easy, just act like a for profit institution and arb the epic spread between financial bonds and treasuries. If people want folding money for their claims, give them what they want. In the meantime, make it profitable to lend to a banker again.

The experiment of blaming your heart for your heart attack and cutting it out and burning it, is and always was hopeless.