Gambling With Borrowed Social Credit Is The Only Way To Keep Bank Profit Margins Growing?

   (Commentary posted by Roger Erickson)




Is that the totality of our new national purpose? Really? Does the reality of this metaphor make sense to you?

Do we the people NEED bank profit margins to grow? How about some increasing cultural profit distributions in OTHER cultural sectors? To, you know, maintain cultural resiliency?

Citigroup Embraces Derivatives as Deals Soar After Crisis