On 2009-02-12, F George McDuffee wrote:
Somewhere there is a fundamental flaw in the economic model, and
more of the same only better, faster, cheaper, etc. is not the
cure.

The fundamental flaw is the highly leveraged banking model where
investments are made by means of lending, instead of taking equity.

I read somewhere, which I cannot prove with certainty, that over the
last several decades banking has not been profitable to the society,
once you factor in the costs of bailouts.

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