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11-20-2011, 04:26 PM #1
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"Heads I win, tails everyone else loses"
"Heads I win, tails everyone else loses"
The new banking paradigm
and how to fix it
Solution: Limit leverage
Takeaways:
"Those who loan money have to take risks when they do so."
"Tear up the swaps. They were contracts that were never able to be executed."
Karl Denninger explains exactly how the
banking system is broken and - most importantly -
what must be done to fix it.
It won't be pain-free, but it will work.
Video:
http://www.realecontv.com/videos/europe ... loses.html
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