Relevant:
- Is the U.S. Banking System Safe?
- Rescue of U.S. banks hints at nationalization
- The Alphabet Soup of Bank Regulation
- CEO of JPMorgan says you don't need to know how banking works, it's like an airliner engine, too complex to explain, just shut up and pay us.
- Basel II Fixes Fail to Grasp Full Scope of Banking Crisis
2010-05-30 — ml-implode.com
"I know that a number of banking and government people think that the way home is through our banking system, and that the average homeowner is somehow at fault and therefore somehow undeserving of help, but it’s not true. Without addressing the needs of American citizens, something we have not done well thus far, we are all in trouble."
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