Weil - Zombie Banks Have Us Right Where They Want Us

Former Treasury Sec. Hank Paulson

Two years after the collapse of Lehman Brothers and what rightfully should have been the death of American International Group, U.S. capital markets face a crucial question. How long will it take before we see some semblance of robust free-market capitalism return, where the value of an asset is based on what bona fide market participants will pay for it, the cost to borrow money is based on a company’s fundamental financial strength rather than its ability to access a government safety net, and corporations are free to fail no matter what their size? Read more here:

Weil - Zombie Banks Have Us Right Where They Want Us