Fixing the bank crisis is the easy part

Discussion in 'Economics' started by Banjo, Jan 24, 2009.

  1. Banjo


    For the third time in the post-war period, the United States banking system is insolvent. When President Barack Obama's economic advisor Paul Volcker chaired the Federal Reserve's Board of Governors in 1981, the collapse of emerging-market borrowers left the big American banks on the verge of bankruptcy. The collapse of the junk-bond market in 1990 followed by the real estate market in 1991 left the system insolvent once again.
  2. dcvtss


    That was an interesting and informative read, thank you. Treasuries look to be in the early stages of rolling over and to me this is really the mother of all bubbles, when this one pops it really is game over.
  3. Banjo


  4. Banjo


    Ya, read them every weekend, need something to offset American press.