On Sept 19th, I posted “Paulson, Bernanke Push New Proposal to Cleanse Balance Sheets | huh!!” reflecting my disbelief that buying bad loans from banks was “tantamount to nationalisation of Banks”. My disbelief has gone into hyperdrive, as we now see many of the large world economies actively or hinting actual equity stakes in banks. Yes the situation in the markets are bad, and yes investors have seen their portfolios drop. While an unprecedented drop, its not the first time. Then there is the issue of liquidity amongst banks, and between banks and the central banks’. Surely this should be … Continue reading Are banks becoming government utilities like water, electricity or the Post Office?