Could other organisations take the lead in credit creation?

Fascinating look at the state of the banks, how they got there and the start of some thinking about what next.

NB the chart is Goldman Sachs value at risk for the last decade, showing that they tripled this value by 2008. Astonishing.

FT Alphaville » The terminal disease afflicting banking

Finding out that you are dealing with a terminal disease is never easy. The natural reaction is to seek out a cure, no matter how bleak your chances. You will, for the most part, do almost anything to…