steve keen hard talk, page-3

  1. 7,590 Posts.
    Interesting interview.

    Although he did say that his debt jubilee concept would involve more government printed money to be paid to the indebted and then paid by force of law to the financial institution lenders.

    I think that idea makes a mockery of the indoor management rule of the Corps Law. If the borrowers lied about their capacity to repay loans whether for a commercial/mortgage or personal purpose, and the lenders did not make adequate inquiries as to the ability/capacity to repay eg. assets, inventory, profit loss/ balance sheets, sent in a junior to act as agent for the lender etc... Well then that's too bad. Banks should not act as if impunity is their right.


 
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