sorry, my language may be confusing as I certainly didn't want to write extensively on how money expansion works (I assume most here are read up), but I don't think I'm too confused in my head...maybe not, never know ;) For the record, I have written several large banking systems. I actually do know how transactions and liabilities get handled. And normal corps don't get to behave like this.
In my suggestion to recognize banks as something different than a normal private corp, I'm not thinking of GSEs as you link to. I'm thinking more about transparency and liability issues being different for banks than for a normal private corp.
If the gigantic banks that are currently the focus of such various problems would have had to have more open financial liabilities, the risk _should_ have spread less.
In my suggestion to recognize banks as something different than a normal private corp, I'm not thinking of GSEs as you link to. I'm thinking more about transparency and liability issues being different for banks than for a normal private corp.
If the gigantic banks that are currently the focus of such various problems would have had to have more open financial liabilities, the risk _should_ have spread less.