So much for the IMF
”(There is) a growing recognition that the dispersion of credit risks to a broader and more diverse group of investors…has helped make the banking and wider financial system more resilient. The improved resilience may be seen in fewer bank failures and more consistent credit provision.”
From the IMF’s (shortsighted) Global Financial Stability Review, April 2006
What rough beast slouches to Washington to be bought out?
Where we’re headed:
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