“The banks,” of course, are the big, international, Congress-owning kind.
Ten Minutes. A few highlights:
“We criticized Japan for keeping alive zombie banks. We’re pretty much doing the same in the West.”
“There’s a grotesque misallocation of capital going on, away from the parts of the private sector that could use it, into parts, effectively, of the public sector where it is being destroyed.”
“Until the banking sector is addressed properly, real private sector recovery is not going to happen.”
I want my free markets back.