[lbo-talk] Financial collapse or financial consolidation?

[dredmond at efn.org]

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