{"id":20660,"date":"2013-05-10T13:30:03","date_gmt":"2013-05-10T12:30:03","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=20660"},"modified":"2013-05-10T13:30:03","modified_gmt":"2013-05-10T12:30:03","slug":"is-there-anyone-who-can-now-bear-the-risk-of-banking-but-the-state","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/05\/10\/is-there-anyone-who-can-now-bear-the-risk-of-banking-but-the-state\/","title":{"rendered":"Is there anyone who can now bear the risk of banking but the state?"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.guardian.co.uk\/business\/2013\/may\/10\/cooperative-bank-chief-quits-moodys-downgrade\" target=\"_blank\">news that the Cooperative Bank needs more capital is not<\/a>, as such, news. It's been\u00a0known\u00a0for sometime, but a credit downgrade has highlighted the issue today.<\/p>\n<p>What it does pose is a more important question, which is that given the over inflation of the property sector \u00a0- which is not going away - and the resulting over leverage of many bank\u00a0customers\u00a0leading to\u00a0excessive\u00a0bad debt risk for all banks - is there anyone who can now bear the risk of banking but the state?<\/p>\n<p>And in that case has the market economy now failed?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The news that the Cooperative Bank needs more capital is not, as such, news. It&#8217;s been\u00a0known\u00a0for sometime, but a credit downgrade has highlighted the issue<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/05\/10\/is-there-anyone-who-can-now-bear-the-risk-of-banking-but-the-state\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"class_list":["post-20660","post","type-post","status-publish","format-standard","hentry","category-banking"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/20660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=20660"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/20660\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=20660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=20660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=20660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}