Bob Janjuah On Bloomberg: “No One Believes What The Banks Tell Us”

"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, [...]