Good banks, bad banks redux.

Shades of 2009 in the Cyprus proposal taking shape over the weekend. Much has been written about the good bank/bad bank idea since then, it is easier for me to redirect you to some good primers  (here) and (here). Naked Capitalism  sets the record straight in terms of the tax have status of Cyprus (here). A Sheila  Bair interview on US banking regulation (here).

The Senate Report on the London Whale Derivatives Trades that I mentioned in class is here. It is titled “A Case History of Derivatives Risks and Abuses.”

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