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“Too Big To Fails” Have Stopped Being Banks

Image by William Banzai NO LONGER FOCUSED ON DEPOSITS OR LOANS “Banks don’t have a need for deposits, and the demand for loans by households and firms is weak,” Niels Storm Stenbaek, chief economist at the Danish Bankers Association, said in a phone interview. Wait … what? Banks don’t need deposits?   They’re not giving many loans?  Isn’t that what banks do? […] more on Geo altCom



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