Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Monday, January 12, 2015

Oil Price Fall and Bank Lending

As Oil Prices Fall, Banks Serving the Energy Industry Brace for a Jolt

By MICHAEL CORKERY and PETER EAVIS


Falling profits on crude oil are likely to leave some companies unable to repay loans, and the banks that have exuberantly extended credit to them may feel the pinch.

Source: http://www.nytimes.com/indexes/2015/01/12/todaysheadlines/index.html?nlid=59725256


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