Tagged with state - Personal View Talks http://personal-view.com/talks/discussions/tagged/state/feed.rss Tue, 19 Nov 24 19:34:34 +0000 Tagged with state - Personal View Talks en-CA The Faustian Bargain between States and Banks http://personal-view.com/talks/discussion/5297/the-faustian-bargain-between-states-and-banks Sun, 25 Nov 2012 12:19:03 +0000 agoltz 5297@/talks/discussions
States and banks have made a deal with the devil. Banks buy the sovereign bonds needed to prop states up in the tacit understanding that the states will bail them out in a pinch. But experts warn that this symbiotic arrangement might be putting the entire financial system at risk...

http://www.spiegel.de/international/europe/tacit-bond-arrangement-between-governments-and-banks-endangers-system-a-868971.html

So why not cut out the middleman?

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