Accrued interest argues that banks should be given time (by government fiat) to work out of their problems - so that their underlying cash flow keeps them solvent. My voodoo maths point entirely. And he does it in the context of GE - where I think Voodoo Maths will do its job.
Any more people on this bandwagon and we would have a movement.
Note - an assessment is still required. Nationalisation after due process.
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