http://dailyreckoning.com/buying-bad-debt-to-return-bank-solvency/
Government deficits and money printing may mean eventual ruin to a nation’s finances, but they do wonders for the financial sector. Free money is great for the people who get it first, in other words.
It’s like milk. Wholesome and fresh initially, it soon begins to turn. You can pass it along for months. You can pretend it is still good. But don’t open the carton!
No comments:
Post a Comment