{"id":3717,"date":"2013-11-22T05:47:24","date_gmt":"2013-11-22T05:47:24","guid":{"rendered":"http:\/\/neweconomics.net.nz\/?p=3717"},"modified":"2013-11-24T20:48:45","modified_gmt":"2013-11-24T20:48:45","slug":"why-we-need-a-parliamentary-enquiry-into-the-best-methods-of-making-banks-stable","status":"publish","type":"post","link":"https:\/\/neweconomics.net.nz\/index.php\/2013\/11\/why-we-need-a-parliamentary-enquiry-into-the-best-methods-of-making-banks-stable\/","title":{"rendered":"Why we need a parliamentary enquiry into the best methods of making banks stable"},"content":{"rendered":"<p><a href=\"https:\/\/neweconomics.net.nz\/index.php\/2013\/11\/why-we-need-a-parliamentary-enquiry-into-the-best-methods-of-making-banks-stable\/submission-of-deirdre-kent-in-support-of-petition-2011_78-to-parliament\/\" rel=\"attachment wp-att-3718\">Submission of Deirdre Kent in support of petition 2011_78 to Parliament<\/a><\/p>\n<p>This submission is substantial. It outlines why banks are unstable, includes charts on banks assets compared with their exposure to derivatives and on housing bubbles. In a hyperconnected world New Zealand&#8217;s four Australian owned banks are not going to be immune to shocks. Now instead of taxpayer bailouts, it seems depositors will bailout the banks. The Reserve Bank has in  place a system called Open Bank Resolution. We would rather the banks were stable in the first place. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Submission of Deirdre Kent in support of petition 2011_78 to Parliament This submission is substantial. It outlines why banks are unstable, includes charts on banks assets compared with their exposure to derivatives and on housing bubbles. In a hyperconnected world &hellip; <a href=\"https:\/\/neweconomics.net.nz\/index.php\/2013\/11\/why-we-need-a-parliamentary-enquiry-into-the-best-methods-of-making-banks-stable\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69,313,1],"tags":[169,463,343,612,453],"_links":{"self":[{"href":"https:\/\/neweconomics.net.nz\/index.php\/wp-json\/wp\/v2\/posts\/3717"}],"collection":[{"href":"https:\/\/neweconomics.net.nz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neweconomics.net.nz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neweconomics.net.nz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/neweconomics.net.nz\/index.php\/wp-json\/wp\/v2\/comments?post=3717"}],"version-history":[{"count":4,"href":"https:\/\/neweconomics.net.nz\/index.php\/wp-json\/wp\/v2\/posts\/3717\/revisions"}],"predecessor-version":[{"id":3724,"href":"https:\/\/neweconomics.net.nz\/index.php\/wp-json\/wp\/v2\/posts\/3717\/revisions\/3724"}],"wp:attachment":[{"href":"https:\/\/neweconomics.net.nz\/index.php\/wp-json\/wp\/v2\/media?parent=3717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neweconomics.net.nz\/index.php\/wp-json\/wp\/v2\/categories?post=3717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neweconomics.net.nz\/index.php\/wp-json\/wp\/v2\/tags?post=3717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}