New IMF Study of Banking Crises Contradicts Bailout Bill Premise and Details

Quicklink submitted By       Message Laudyms     Permalink
Related Topic(s): ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Author 2451
The IMF just released a study that analyzed 124 banking crises: "Existing empirical research has shown that providing assistance to banks and their borrowers can be counterproductive, resulting in increased losses to banks, which often abuse forbearance to take unproductive risks at government expense."

Read the rest of the story HERE:

At www.nakedcapitalism.com

- Advertisement -
- Advertisement -