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Zombie Banks Feed Off Bailout Money
This is from NPR's Morning Edition today:
"In the continuing series on the lexicon of financial misfortune, Morning Edition introduces the term "zombie bank." A zombie bank keeps draining bailout capital from the government but doesn't respond with any meaningful lending that helps the economy recover. The prevalence of zombie banks made the long Japanese recession of the 1990s especially painful." Full report can be heard here: http://www.npr.org/templates/story/story.php?storyId=100762999
do these zombie banks have zombies working as tellers? the mental image of zombie bank tellers cracks me up lol
Damn so how do I get to be one of them :)
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