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In capital we trust. Capital is our savior, our holy grail, our fountain of youth, or at least health, for banks.

Bethany McLean

Bethany McLean

BanksCapitalFountainHealthHolyOurSaviorTrustYouth

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Proponents of privatization argued that cities and states needed private capital to fund all the upgrades that our decaying infrastructure so desperately needed.
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Capital isn't this pile of money sitting somewhere; it's an accounting construct.
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The big banks advise cities about whether privatization is a wise choice. They also control the ability of states and cities to access the market for their financing needs.
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The heart is the real Fountain of Youth.
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It's extremely important for our banks to have more capital, higher quality capital.
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