Jackson Cash

The Unwinding of the Moral Hazard Trade

"Trust or Bust" -- I like that.

I heard on the media that there is basically only one bank left standing in Germany that is solvent.. an ultra conservative, localized bank described as "boring".

Capitalism obviously works when these guys are raking in the deposits, thus liquid. Shame on banks for botching risk. Banking has worked on simple principles for thousands of years -- though boring, it's time to start a new banking model based on conservative lending.