The financial system as a whole is rotten. Predicated on the now-doghoused dogma that markets know best and light-touch regulation is all that’s needed to produce the best of all possible worlds, the regulatory structure failed to prevent banks, insurers and investment funds from acting recklessly. During the good times, investors as well as [...]
Tag Archives: RBS announces £28 billion losses
Unless we kill them now, Zombie banks will roam the earth, eating our future and boring us witless
February 22, 2009 – 3:26 pm