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

"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…

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