Today brings an interesting piece in The Guardian.
Spain\’s fucked as a result of the not for profit mutuals run by the politicians.
Ritchie\’s euro solution.
The third part is a simple one, which is that the government issuing the bond has to take over and manage the bank to ensure that its solvency and liquidity are managed within these constraints. This means nationalisation; nothing else will do.
Let\’s make all the banks nationalised and run by politicians.
Nope. I can\’t see anything wrong with it either.