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From http://piaohaoreport.sampasite.com/china-financial-markets/blog/Is-China-safe.htm:
In fact one of the “obvious” solutions to this year’s crisis – force unstable investment banks to become part of stable commercial banks – is exactly the opposite of the solution proposed for the 1929-31 crisis – separate commercial banks from investment banks. Clearly our analytic framework leaves something to be desired if these two very opposite solutions can be proposed for the same problem.

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Date: 2008-10-01 04:30 am (UTC)
From: [identity profile] stolen-tea.livejournal.com
I think the difference is whether the people making the plans want to save commercial banks or investment banks. If commercial, then you get rid of the unstable investment side. If investment, then you tether them to the stable commercial side.

It's more a matter of priorities, I think...

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Date: 2008-10-01 06:38 am (UTC)
From: [identity profile] contrariety.livejournal.com
Wouldn't it more imply that our analytic framework has simply changed?

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