Tag Archive for Bank Failures

Bank Failures are “Inconceivable” under the Latest Neoclassical Fantasy – Bill Black

Bank Failures are “Inconceivable” under the Latest Neoclassical Fantasy

By William K. Black (Cross posted at Benzinga.com) Only theoclassical economics constantly recycles variants of its worst ideas that have proven disastrous when they have influenced policy.  Other fields advance because they embrace the scientific method.  Theoclassical economists repeat their … Continue reading

Bank Failures are “Inconceivable” under the Latest Neoclassical Fantasy

Time for bank bond write-downs: James Saft | Reuters

It may now be time to cross that red line and force some bank bondholders, even senior bondholders, to take losses. Throughout the now five-year-old global financial crisis, writing down bank debt when banks are insolvent is a step that policy-makers have been almost universally unwilling to take. Fearing a rolling line of bank failures…