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Maybe that inconvenient little fact needs to be pointed out to US Congressmen. Namely, that American investment banking is not into lending but into intermediating...

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Mon Sep 12th, 2011 at 12:02:31 PM EST
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No secret the US banks are intermediaries.  

The consequences of the knowledge is "secret" only in the sense no one wants to 'go there' as it would halt the merry-go-round.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Mon Sep 12th, 2011 at 04:00:37 PM EST
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