[lbo-talk] Financial collapse or financial consolidation?

dredmond at efn.org dredmond at efn.org
Fri Oct 3 16:21:27 PDT 2008


On Fri, October 3, 2008 3:17 pm, Shane Mage wrote:


> On Oct 3, 2008, at 3:21 PM, dredmond at efn.org wrote:
>
>> ...Deposits are a tiny chunk of a bank's assets...
>>
>
> Deposits are liabilities of a bank, not assets.

In the strict financial sense, yes, but I was trying to put things into the simplest and most direct terms. The battle over the bailout is just beginning, so its important to make the case for public ownership and re-regulation to the widest possible audience.

-- DRR



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