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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Haim R. Branisteanu who wrote (96384)4/12/2009 7:31:17 PM
From: pogohere  Read Replies (1) of 116555
 
don't believe you have that right ("The bank need 10% of equity it can not use the depositor money and just lend out 90% of it.")

Here's the article:

Steve Keen’s DebtWatch No 31 February 2009: “The Roving Cavaliers of Credit”

debtdeflation.com

I'd correspond with him if I were you; it could prove to be very worthwhile. I will not try to defend his thesis.
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