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Blog

Why don’t we let Banks Fail?

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Bloomberg had a story, a couple of days ago, about BofA moving Merrill Lynch derivatives to its retail-banking subsidiary. The story was quite long and hard to follow: there were lots of detours into explanations of what a derivative is, or explorations of what the BAC stock price was doing that day. It seems that […]

Have we learned anything from the Financial Crisis of 2007?

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I would say nothing at all…. In fact, instead of changing their behavior to prevent another crisis, the Powers-that-be seem to be doubling down on the strategies that Caused the Financial Crisis in the First Place Liberals blame deregulation and reckless Wall Street greed for the economic crisis. Conservatives blame bad government policy. What are […]

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