Economics

Bad Bad Banks (JacquesBopp, 25.01.2009)

And the financial crisis goes on ... And the politicians still think they can avoid the painful solution and try to sustain asset prices. But the prices of many assets are bubble prices and these prices need to fall to market levels. In not letting the prices fall, the policy makers prolong the crisis. David Roche shows what should be done and what goes wrong in the following article in the Wall Street Journal. read more...

Syndicate content