| 查看: 725 | 回复: 6 | |||
| 当前只显示满足指定条件的回帖，点击这里查看本话题的所有回帖 | |||
gongtianyu铁杆木虫 (正式写手)
|
[交流]
a better sulution for Spanish' Banking Crisis
|
||
|
the European Commission hascome forward with one bailout plan after another for Europe’sdistressed economies. Now it wants tosocialize not only government debt by introducing Eurobonds, but also bankingdebt by proclaiming a “banking union.” Socializing bank debt is both unjustand will result in a future misallocation of resources. Socialization of bank debt across borders implies thata country’s private borrowing costs are artificially reduced below marketrates, as insurance (in the form of credit-default swaps) is provided free ofcharge by other countries.(reasons against banking union) History offers countless examples of the misallocationof resources that can result from socialization of bank debt. One is the 1980’s savings and loan crisis in the United States,which cost US taxpayers more than $100 billion. Under the umbrella of commondeposit insurance, US savings banks made a “gamble for resurrection”– borrowing excessively from their depositors and lending the money out torisky enterprises, knowing that potential profits could be paid out asdividends to shareholders while potential losses would be socialized.And essentially the same happened with US subprimemortgage lending and with the Spanish banking system in the 2000’s. In both cases, banks took excessiverisks in the expectation – eventually vindicated – that governments would bail them out.Spanish banks speculated on a continuing increase inreal-estate prices, which would bring large capital gains to their customers.Indeed, they often lent homeowners more than 100% of the underlying property’svalue. To compensate for the damage that their reckless behavior caused, theyreceived |
回复此楼» 猜你喜欢
271材料工程求调剂
已经有5人回复
-
281求调剂（0805）
已经有16人回复
-
304求调剂
已经有6人回复
-
材料工程专硕调剂
已经有6人回复
-
一志愿天大材料与化工（085600）总分338
已经有4人回复
-
085700资源与环境308求调剂
已经有3人回复
-
求材料调剂
已经有8人回复
-
294求调剂材料与化工专硕
已经有5人回复
-
一志愿华中科技大学，080502，354分求调剂
已经有4人回复
-
一志愿吉林大学材料学硕321求调剂
已经有6人回复
0813010040
铁杆木虫 (文坛精英)
奶瓶仔^-^
- ESEPI: 25
- 应助: 77 (初中生)
- 贵宾: 1.077
- 金币: 7397.5
- 散金: 11997
- 红花: 218
- 沙发: 65
- 帖子: 15186
- 在线: 1139.3小时
- 虫号: 1301707
- 注册: 2011-05-21
- 性别: MM
- 专业: 分析仪器与试剂
7楼2012-06-16 16:48:29
★
小木虫: 金币+0.2, 抢了个小板凳，给个红包
小木虫: 金币+0.2, 抢了个小板凳，给个红包
 [ 发自手机版 http://muchong.com/3g ] |
3楼2012-06-16 12:42:50
fungixx
至尊木虫 (文坛精英)
- ESEPI: 45
- 应助: 37 (小学生)
- 贵宾: 3.458
- 金币: 19627.6
- 散金: 18645
- 红花: 118
- 沙发: 273
- 帖子: 13324
- 在线: 2030.7小时
- 虫号: 860534
- 注册: 2009-09-30
- 专业: 抗肿瘤药物药理
4楼2012-06-16 12:56:56
seagrove
禁虫 (文坛精英)
小盼妞
- ESEPI: 20
- 应助: 113 (高中生)
- 贵宾: 11.811
- 金币: 36350
- 散金: 39603
- 红花: 193
- 沙发: 1550
- 帖子: 37667
- 在线: 1963.3小时
- 虫号: 1239918
- 注册: 2011-03-21
- 性别: MM
- 专业: 化工冶金
- 管辖: 环境
5楼2012-06-16 13:06:12
