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What is a zombie bank?

Written by Ashwin Rattan Saturday, 25 February 2012 20:36
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In the soon to be published Bank to the Future, Simon Dixon argues that our whole monetary system is in need of reform as it works only by accumulating ever larger and increasingly unsustainable debts.

Some banks have already reached the status of being ''Zombie Banks''. 

What are these exactly?

Check out this clip from Investopedia.

http://www.youtube.com/watch?v=TdqNuY6WdAg





 

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