Cleveland

Stop Blaming Banks for All Your Troubles 

HousingWire is kicking around the idea of doing a July feature on the global history of bank bailouts… Japan’s lost decade and the like. The view, though the idea is still on the drawing board, is to see if the Obama approach to bank bailouts will create a model of rescue going forward. The idea is still being researched. In the meantime, cases are being brought against banks left and right in the United States. Having just moved from the UK, this behavior feels relatively new, though not unexpected given the landscape of the crises here.