ballymichael |
|
| QUOTE (FionaK @ 14/6/2012, 03:24) I just dont get the problem about banks.
I have read around extensively and every commentator and article I have been able to find takes for granted that banks must be bailed out and that any failure to do so will have catastrophic consequences: not one of them says why, with the honourable exception of an article from the Cato Journal: a neoliberal body, so far as I can tell, which does not agree with this otherwise almost complete consensus. I haven't read this report yet, but since you mentioned you were looking for a report on the rationale for bailing out banks, here's one. CODE http://www.feasta.org/2012/06/17/trade-off-financial-system-supply-chain-cross-contagion-a-study-in-global-systemic-collapse/ picked up from the (often very alarmist, and highly neoliberal in most ways) zerohedge blog. CODE http://www.zerohedge.com/news/trade-study-global-systemic-collapse/ something wierd going on with the URL button, so I put the urls inside a code tag. |
| | |
