Saturday, January 23, 2010

Bankers flow with the credit

Felix wonders why we have to have big, and global banks.

I think bankers flow outward with American deficit dollars, they are hired away by foreigners to manage the store of value we promise. Simultaneously, banks follow the money to Washington DC. Bankers have to follow, and adjust to the flow of constrained goods, they do this that they adapt faster.

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