Banks Quotes
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Myth: US housing market is in recovery. Fact: Big banks have been hiding their bloated home inventory, seized by virtue of home foreclosures.
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What we miss is how unsustainable that is. Even bigger is the idea that we as a nation are not made up of businesses, banks, malls, markets, homes or things. Our greatest asset is ourselves: our lives and our people. The real investment should be there.
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Letting the banks go bust instead of perpetually bailing them out is the right way to go.Iceland Did It Right; All others are doing it wrong.
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Myth: Bail-in plans would recapitalize big banks. Fact: big banks are far too insolvent to remotely be in a position for such restoration.