Hussman Funds - Weekly Market Comment: Talking Points for the "Occupy Wall Street" Protesters - October 10, 2011: "1) "Failure" only means that corporate bondholders don't get every penny
Background: When Wall Street talks about the "failure" of a bank or other financial institution it means the failure of the company to pay off its own bondholders. It does not mean that depositors, counterparties or other bank customers lose money ...."
Definitely worth reading if you're struggling to articulate what's wrong with Wall Street and Washington today.
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