Richard Koo - Lessons From The US Banking Crisis Of 1982 (Video)

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"That was about the worst possible banking crisis in modern US history. Our conclusion was that seven out of eight money centre banks were actually underwater…" — Richard Koo, Chief Economist of the Nomura Research Institute

Lessons from the worst banking crisis in history [Editor’s note: This letter was penned by Tim Price, London-based wealth manager and author of Price Value International.] It’s ironic that some of the most honest words to come out of a politician’s mouth were, “When it becomes serious you have to lie.” That was a quote from…