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Mish: The Perfect Solution To The Banking Crisis Is To Make A Truly Safe Bank
Mish: The Perfect Solution To The Banking Crisis Is To Make A Truly Safe Bank Authored by Mike Shedlock via MIshTalk.com, We don't need to up the FDIC limit, we need to eliminate the need for FDIC and create a safekeeping bank... Creating a Safe Bank How many times do we have to go down the duration mismatch road with fractional reserve lending and nearly $9 trillion of Fed QE to prove the current banking doesn't work? Once again, systemic risk morphed into economic stress, ba
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