Maybe I’m eating too much Matzoh which is clogging the part of my brain that triggers the "trust" center but I’m not feeling great about this aspect of the government’s effort to conduct "stress tests" on the banks: But the tests, which are expected to be completed by the end of this month, are […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Nationalization"
The Banks Shrink
Posted on 23 January 2009.
There is a truly incredible chart this morning in the Financial Times headlined "The rapidly shrinking banking industry". When you look at the chart you understand: the banking sector will either implode dramatically, even further than before, or we will nationalize large chunks of the banking sector. And, unless ths Administration and Congress significantly […]
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