(no subject)
Sep. 30th, 2008 07:11 pmFrom 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.
(no subject)
Date: 2008-10-01 04:30 am (UTC)It's more a matter of priorities, I think...
(no subject)
Date: 2008-10-01 06:38 am (UTC)