Reference:- Once again a major bank in the USA is on the skids .

Reference:-  Silicon Valley Bank has collapsed . It is the second largest bankruptcy in American history . 

Gosh , these American banks have a penchant for losing their liquidity faster than a drunk in a Las Vegas casino   It seems like only the other day that the taxpayer had to bail out the banks to the tune of trillions , and here it is happening again . 

Ken junior says he is not surprised . He says lobbyists for the finance sector have succeeded in deregulating the banks to the point where the entire industry is perpetually on the brink of collapse . 

Personally , I don't know what he is talking about .  Politicians do the regulating , not lobbyists .  Sure , American lobbyists did spend 3.7 billion dollars last year pressuring regulators , but that doesn't mean they got what they wanted . After all , money can't buy everything , can  it ? 

Ken junior told me that the countries in the world with the strictest bank regulations also feature at the top of the list of countries with the stablest economies .  This is where Ken junior 's logic so often fails . These two facts are not necessarily related .  Economies are complex , and are influenced by a multitude of factors ,   regulation being merely one . 

Ken junior also told me that the same countries also rate highly on income equality .  No doubt this is  simply another unrelated  coincidence.   I said as much to Ken junior.

" No doubt this is simply another unrelated coincidence " , I said . 

" Well the same countries are at the top of the list in the World Happiness Report too . " , Ken junior said 

" Well , they could be even happier if they deregulated their banking sector . " , I said . 

My logic left Ken junior lost for words , so there was no need to rub it in .

Your comrade , Ken