The deposit guarantee is a subsidy of debt and means the banks will not be able to go out of business. They are already insolvent, but they can still continue to take profits.
John Locke, Second Treatise of Government: "No body could think himself injured by the drinking of another man, though he took a good draught, who had a whole river of the same water left him to quench his thirst."
No comments:
Post a Comment