Comments on: Greece deal is a compromise and, once again, the banks have won Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 By: Sal2011 Mon, 25 Jul 2011 17:13:51 +0000 Refreshing to find an academic more clued up than the practical wizards of banking and our esteemed economic policy makers, or do I mean depressing? I can’t understand the following:
– Let the old reckless bank, with its selfish management default
(I was about to write selfish idiotic, but they don’t really qualify as idiots with the amount of loot they’ve got)
– Repay the common saver citizen
– Set up new alternative financing institutions for businesses and common citizens, giving the managers of the institutions a call option on the financial assets
– Set capacity and lending ranges for certain basic society functions
This is for taxpayer money of course.