What are we waiting for? Either recapitalize banks or shut them NOW!

We are staring the "zombie bank phenomenon" right in the face...and we do nothing but float them along. Here are two really good pieces to read.

http://online.wsj.com/article/SB123258594265704581.html

http://www.nytimes.com/2008/12/20/business/worldbusiness/20yen.html?_r=2&hp

And this one too, especially! Read these three pieces and FIND THE EXIT! It is right here on these pages!

http://www.voxeu.org/index.php?q=node/2807