Understanding Bank Problems

It’s easy to criticize what you don’t understand. It’s hard to fix problems you don’t understand. The “banking crisis” seems especially mysterious. Calculated Risk has done a great job of providing some basic understanding of how banks work and and what our current problems are. It’s in two parts, called (strangely enough) Part 1 and Part 2.

As an aside, I really appreciate blog entries which try to explain things without offering solutions, condemnations, or political agendas. I am adding a new Category to this blog: Understanding. I’ll use this to capture these kind of neutral (or nearly neutral) explanations on a variety of topics.

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