“Too Big To Fails” Have Stopped Being Banks
WashingtonsBlog.com
February 20, 2015
No Longer Focused On Deposits Or Loans
Bloomberg reported last month:
“Banks don’t have a need for deposits, and the demand for loans by households and firms is weak,” Niels Storm Stenbaek, chief economist at the Danish Bankers Association, said in a phone interview.
Wait … what?
Banks don’t need deposits? They’re not giving many loans? Isn’t that what banks do?
If they’re not collecting deposits and making loans, what are they doing?
The Rest…HERE
