No business in the economy has the easy money that banks get to play with.... The existence of banks with single digit amounts of equity is a completely unhealthy existence -- that is not only a risk for the banks, but for all of us.

Typical reaction to scrutiny: attack and mock messenger and message, minimize the problem, hope attention dies down.

No business in the economy has the easy money that banks get to play with.... The existence of banks with single digit amounts of equity is a completely unhealthy existence -- that is not only a risk for the banks, but for all of us.

Is this complicated, risky [banking] system the best we can have?

The politics of banking is bad everywhere, including UK. Eurozone has more problems, unhealthy symbiosis.

Beware of economists who hide assumptions.