Article Image
IPFS News Link • Economy - Economics USA

The Looming Bank Collapse - or - Corporate Debt Jenga

• The Atlantic

Just as easy mortgages fueled economic growth in the 2000s, cheap corporate debt has done so in the past decade, and many companies have binged on it.

Loan defaults are already happening. There were more in April than ever before. It will only get worse from here.

We've seen how banks respond to stern reprimands and modest reform. This time, regulators might need to dismantle the system as we know it.