Bank Failures are “Inconceivable” under the Latest Neoclassical Fantasy - by William K. Black
• http://neweconomicperspectives.org/2013/10/bank-faContingent Capital: and The Princess Bride A speaker whose talk I attended stated as a fact that it would be “inconceivable” for any bank to fail if banks adopted “contingent capital.” Under “contingent capital” the bank would sell debt instrument