Looking carefully at that which is unseen.

OTB: Banks as public utilities?

From Naked Capitalism – the best daily economic stop on the web:

Why not, though? Since they’ve effectively socialized their losses while keeping their profits private, maybe it’s time for a different view of banks and banking, particularly given the State’s reluctance to allow private banks – or the lack of desire by states (other than North Dakota) to establish them.


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