Ultimate Rock and Hard Place

This is the ultimate rock and hard place: the only way to clear the economy for future growth is to clear away the deadwood of uncollectible debts, yet clearing away the impaired debt will necessarily take down all the “too big to fail” banks on both continents, an action that is politically “impossible” as those banks have their hands on the throats of the governments in question.

http://www.oftwominds.com/blogjan12/rocks-hard-places01-12.html

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