| Soros Says New Mark-to-Market Rules Keep ‘Zombie’ Banks Alive |
| News - Americas |
| Written by Saijel Kishan and Kathleen Hays, Bloomberg |
| Monday, 06 April 2009 19:12 |
|
April 6 (Bloomberg) -- Billionaire George Soros said the change to fair-value accounting rules will keep troubled banks in business, stalling a recovery of the U.S. economy.
“This is part of the muddling through scenario where we are going to keep zombie banks alive,” Soros, 78, said today in an interview with Bloomberg Television. “It’s going to sap the energies of the economy.” |
Comments (1)
1
Monday, 06 April 2009 20:07
Robert Fredericks
The only way to kill a zombie is to go for the brainstem... aka: the central bank.