Finally! The Atlantic published an article titled “Blame the Banks” (written by a former banker), asking the question that I’ve been asking for a while. I keep hearing people accuse Greece of “reckless borrowing”. Why isn’t anyone accusing the banks of “reckless lending”?
It is also interesting to note that people keep talking about financial bailouts for the Greeks, when in reality these should be called financial bailouts for the banks.
Another case of “heads I win, tails you lose” for the banks?