I wrote: > Or liabilities that are riskier than their assets. Or liabilities that are > more opaque than their assets. Or some combination of the above.
Gosh! I wrote this exactly the other way around! Replace assets where it says liabilities, and vice versa. And yes, to the extent regular businesses have like balance-sheet structures, regular businesses are bank-like. Which, to that extent, turns ours into an argument for the nationalization of all businesses! _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
