by Summary:
Speculative Lending Fueled Economic Crises.
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Steve Keen considers the following as important:
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Speculative Lending Fueled Economic Crises.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Speculative Lending Fueled Economic Crises. |
In that era a small business loan from the CTB was backed by government legislation, until it was privatised and the exchange rate sent interest rates through the stratosphere.
This is not speculation, it's the obvious example of Control Fraud, and the same mechanism is still making the same returns on social destruction of trust in government today.
One true voice on Debt
Casino banks were talked about during banking crisis. Nothing was really done to change it
Logic Steve, Logic. If those companies needed banks there’d be a motivation. Companies like GE are their own financial institutions. Apple alone sits on billions. Most of your complaints about what banks don’t do anymore arise from other actors replacing those functions. And banks make mucho money through mechanisms created in the mid 90s.