In June, an EU commission put forth a banking resolution proposal giving itself powers in which the ability to shut down banks would be centralised in the European Commission.
As recently as 2006, private sector financing was double that of government sources, but not any more.
There used to be a time when governments sought to so structure financial markets and banking in such a way to engender confidence in the system, not to systematically erode confidence
Despite official protestations to the contrary, this fallout will spread to a bank near you.
Federal regulators claim that Obamacare is holding back the country from experiencing a full recovery.