tag:blogger.com,1999:blog-5908830827135060852.post603996095405763490..comments2024-03-29T02:54:56.523-04:00Comments on Bond Economics: Primer: American Bank Insolvency LossesBrian Romanchukhttp://www.blogger.com/profile/02699198289421951151noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5908830827135060852.post-80863312293249021692023-03-17T07:46:17.621-04:002023-03-17T07:46:17.621-04:00(This is Brian.) the vast majority of people and f...(This is Brian.) the vast majority of people and firms eventually need to borrow from banks. We need a structure to allocate losses if banks make bad credit decisions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-21541683313689672262023-03-16T15:21:36.008-04:002023-03-16T15:21:36.008-04:00Why do we have this ridiculously arcane structure ...Why do we have this ridiculously arcane structure for a system where the vast majority of people just need a simple utility-like payments system? Is it an accident of history (path dependence)? Are there political benefits to the current structure (and if so, cui bono)?eghttps://www.blogger.com/profile/00785993737401518690noreply@blogger.com