tag:blogger.com,1999:blog-2956830097495837473.post7076045635134953297..comments2023-10-14T13:18:37.330+01:00Comments on angels in marble: It's Not a Very Big Re-capitalisationhatfield girlhttp://www.blogger.com/profile/12673905475452420002noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2956830097495837473.post-30029408500577204472012-06-10T10:47:41.205+01:002012-06-10T10:47:41.205+01:00A 'bank insolvency led crisis' is a major ...A 'bank insolvency led crisis' is a major part of the misery many are suffering. But the banks have been so successful at resisting the policies of letting them take their medicine and fail that it comes as a pleasant surprise that Spanish banks seek so little. <br /><br />You state the correct response so succinctly it makes very plain that the permitting of banks to act as they have done and continue to do is rooted in a widespread and profound ethical, political and ideological corruption masquerading as valid economic theory and practice.<br /><br />As you say, Dearieme, the case for rescuing banks is extremely feeble. But banks are not all or even the main object of the rescue, are they.hatfield girlhttps://www.blogger.com/profile/12673905475452420002noreply@blogger.comtag:blogger.com,1999:blog-2956830097495837473.post-14916657441798443812012-06-09T18:19:21.345+01:002012-06-09T18:19:21.345+01:00People seem to have given up pointing out that the...People seem to have given up pointing out that the case for rescuing banks is exceedingly feeble: better, on the whole, to wipe out the equity holders and give as big a haircut to the bondholders as is necessary to let a good bank/bad bank solution work.deariemenoreply@blogger.com