Duty. You must have been wearing ear plugs. Zombie banks were...

  1. Osi
    15,897 Posts.
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    Duty. You must have been wearing ear plugs. Zombie banks were created by the money printing started under Bush, expanded under Obama, became an ongoing EU strategy and is now a Trump Administration Strategy.

    Obama and Yellen sought to increase banking controls with the view to avoiding another GFC or worse. Those controls did little to reduce toxic debt although they may have helped stem its increase. Trump and Powell don't believe in any banking controls.

    I've been posting on the topic for the last 10 years.

    cheers
 
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