The Dijsselbloem Principle | Felix Salmon<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Felix Salmon makes this succinct observation: If a gaffe is what happens when a politician accidentally tells the truth, what\u2019s the word for when a politician deliberately tells the truth? Dutch finance minister Jeroen Dijsselbloem, the current head of the Eurogroup, held a formal, on-the-record joint interview with Reuters and the FT today, saying that … <\/p>\n
Continue reading “The Dijsselbloem Principle | Felix Salmon”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,33],"tags":[331,370,1305],"class_list":["post-7317","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-uk-europe-countries-regions","tag-bailouts","tag-bank-runs","tag-eurozone"],"yoast_head":"\nThe Dijsselbloem Principle | Felix Salmon - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Dijsselbloem Principle | Felix Salmon - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Felix Salmon makes this succinct observation: If a gaffe is what happens when a politician accidentally tells the truth, what\u2019s the word for when a politician deliberately tells the truth? 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For a policy designed to prevent taxpayer bailouts, it\u2019s an undeniable defeat. In the past few weeks, four European bank failures have demonstrated that a signature feature of the postcrisis regulatory regime simply cannot protect\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7374,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/30\/when-you-werent-looking-democrat-bank-stooges-launch-bills-to-permit-bailouts-deregulate-derivatives-naked-capitalism\/","url_meta":{"origin":7317,"position":2},"title":"When You Weren\u2019t Looking, Democrat Bank Stooges Launch Bills to Permit Bailouts, Deregulate Derivatives \u00ab naked capitalism","author":"ColinTwiggs","date":"March 30, 2013","format":false,"excerpt":"Yves Smith reports on attempts to undermine the Volcker Rule and why the rule is so important: In the US, depositors have actually been put in a worse position than Cyprus deposit-holders, at least if they are at the big banks that play in the derivatives casino. The regulators have\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5485,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/","url_meta":{"origin":7317,"position":3},"title":"EU Commission Considering Splitting Up Banks to Avoid Future Bailouts – SPIEGEL ONLINE","author":"Colin Twiggs","date":"September 17, 2012","format":false,"excerpt":"By Martin Hesse and Christoph Pauly EU Commissioner Michel Barnier has asked experts to examine the possibility of splitting up major European banks to avoid future bailouts at taxpayers' expense. But even less radical intervention in the banking sector could have drastic consequences for the industry, and its powerful lobby\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7572,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/28\/two-senators-try-to-slam-the-door-on-bank-bailouts-nytimes-com\/","url_meta":{"origin":7317,"position":4},"title":"Two Senators Try to Slam the Door on Bank Bailouts – NYTimes.com","author":"ColinTwiggs","date":"April 28, 2013","format":false,"excerpt":"This is a show-down between Wall Street and the voting public. Gretchen Morgenson at NY Times writes: THERE\u2019S a lot to like, if you\u2019re a taxpayer, in the new bipartisan bill from two concerned senators hoping to end the peril of big bank bailouts. 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