[OPE-L:5679] banking

Gerald Levy (glevy@pratt.edu)
Wed, 5 Nov 1997 06:35:51 -0500 (EST)

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Paul C wrote on Wed, 5 Nov:

> Examination of the national income accounts will show quite clearly
> that the banking sector runs at a net loss on its trading account,

If this is the case, *why* is it the case? Also, is this the case only in
the UK, or is it generally the case in advanced capitalist economies?

In solidarity, Jerry