The Canadian government, and governments in many countries remain concerned about consumer lending.  At the same time there is great concern about bank capital reserves, and ability to cover future loan losses that are expected to escalate.   This results in an impossible combination of mutually exclusive sets of activities.  Banks can either lend, or recapitalise, but its a fiction that they can do both.  This places banks in the position of being asked the impossible. What got me thinking about this was this site – uncrunchamerica.org which is listed here on change.org (and accepting votes too – feel free to vote). … Continue reading The right idea for the times | UncrunchAmerica