Wednesday, November 2, 2011

The Myth of Common Sense

The Eurozone crisis will not go away until banks face reality - The Term Sheet: Fortune's deals blog Term Sheet


In this article Ms. Bair exposes one of the myths of markets being self-correcting. At this very moment the United States is debating increasing the amount of capitalization that banks must hold. In addition, there is an examination of regulation concerning risk evaluation. Arcane topics for most of us but key instruments in our financial system.

So, it is not just like your checkbook. There are many other things to consider. Take the time to try to get a grip so you can cast votes intelligently and not have to take some pol's word on it.

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