Monday, April 19, 2010

Not Quite Hyperbole

but it is the guardian

still - the conclusion raises a fair point...
what are banks for... why do we have them... and if taxpayers and directors of federal reserves are busy backstopping the loans and controlling the economy through managing the rates of investment... why not cut out the middleman?

There will still be a role for banks in the world - but lets get them away from the day to day things that actually put the world economy at risk... they're obviously willing to burn the place down for a few bucks...

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