Comments on: Dear Draghi: Time to buy bank bonds http://blogs.reuters.com/breakingviews/2016/02/12/dear-draghi-time-to-buy-bank-bonds/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: EdMartin http://blogs.reuters.com/breakingviews/2016/02/12/dear-draghi-time-to-buy-bank-bonds/comment-page-1/#comment-18948 Fri, 12 Feb 2016 23:02:26 +0000 http://blogs.reuters.com/breakingviews/?p=35408#comment-18948 on the contrary – read Bagehot’s advice

by all means lend freely to banks at a time of actual or incipient crisis;

only lend to first class banks,

only lend at a rate of interest that reflects the risk involved,

and only lend against proper security – eg wheat and iron (that is the staples of life and economic activity)

and let bad banks go down

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