Monday, February 23, 2009

28 Business Days Later*

NPR has a good primer on the term "zombie banks", which are banks that are essentially insolvent, but wonder the financial world living off the flesh--er, guarantee--of the government.

These banks represent a huge threat to our financial system, but it's unclear what to do about them. As one of the commentators says, "there's no cure for zombeism".

*Alternate titles:
Night of the Living Banks
Dawn of the TED
Resident Financial
Weekend at Bernie Madoff's (not really a zombie movie, but who cares?)

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