Europe’s Lousy Bank Loans Expose the ‘Recovery’ Myth

One of the great lies of the financial industry is that it is the engine of Main Street’s growth. Giving the finance industry an enormous share of total business profits was supposed to super charge Main Street’s growth. It has never delivered on this promise. The truth is the opposite. The efficiency condition for a middleman like finance […] View the full post at: Europe’s Lousy Bank Loans Expose the ‘Recovery’ Myth Related posts: Former Senior Bank Regulator Calls Banks Stress Test a ‘Complete Sham’ Bad Loans Not Derivatives Are Taking Down the Banks EU finance ministers fail to reach deal on bank levy