No business in the economy has the easy money that banks get to play with.... The existence of banks with single digit amounts of equity is a completely unhealthy existence -- that is not only a risk for the banks, but for all of us.
Typical reaction to scrutiny: attack and mock messenger and message, minimize the problem, hope attention dies down.
Is this complicated, risky [banking] system the best we can have?
Beware of economists who hide assumptions.
The politics of banking is bad everywhere, including UK. Eurozone has more problems, unhealthy symbiosis.
