The Myth That Banks Are Solvent
Read More:
Banks,
Unemployment,
Credit,
Lending,
Liquidity,
James Galbraith,
Oswald Grubel,
New Deal,
Economy,
Illiquidity,
Recession,
Business News
Many financial institutions are hopelessly insolvent, holding mountains of toxic waste that will never be worth anything. So why are we implementing policies that simply maintain a credit-based economy?
Marshall Auerback | Posted 07.12.2011