Cancel 2018. 3
<-- sched 2, MJ sched 1
Well, his whole article is a speculative piece about what may have happened if the banks had not been bailed out.
He can't really prove anything he said is true because the banks were bailed out and i can't prove what he said is bollocks because the banks were bailed out.
Perhaps a better question might be to ask Mr Hannan to prove that a worldwide banking collapse would have been a good thing for Iceland and the rest of the world.
true...his test subject, iceland, was rather small....and apparently not entirely correct on the facts
i've read up some books, both fiction and non fiction on banking collapses in england and america.....and i don't know the answer....seems there are experts that say - let them fail - then experts say - the government should not let them fail
it is a tough issue because it is not just the bank losing money, it is you and i losing money....and imo...banks should not be allowed to gamble with our money.