Investing, risk management & financial markets. FRM, CFP®. Personal account. Not Investment Advice.
Dec 24, 2019 • 43 tweets • 44 min read
1. #Lebanon is undergoing a massive financial crisis on a scale that rivals that of Greece & Cyprus. Its worst manifestation is a banking crisis that has shut out depositors from accessing their paychecks. See @EHSANI22, @lebfinance, @AndyKhalil1 & @wael_atallah for background
@EHSANI22@lebfinance@AndyKhalil1@wael_atallah 2. I will attempt to make a case for the state seizing banks as a solution for the banking crisis. This is counter-intuitive – especially coming from someone who strongly believes in a smaller government and in free markets