Decade of the Living Dead

Posted on Mar 15, 2012
By Nomi Prins

“Zombie Banks: How Broken Banks and Debtor Nations Are Crippling the Global Economy”
A book by Yalman Onaran

Yalman Onaran’s new book, “Zombie Banks: How Broken Banks and Debtor Nations Are Crippling the Global Economy,” makes it clear. The practice of subsidizing zombie banks (those that without support would be dead, but with support are the “walking dead”—sucking at our economic flesh through endless government life support), which began in the U.S. and was adopted in Europe, has dire ongoing economic implications for the global population. Onaran’s highly engaging prose is sometimes amusing, always scary in its content and imminently accessible to an economic layperson. He combines his considerable journalistic skills and powers of insight so concisely that the book can be read and digested in one or two sittings—depending on how much your stomach can take.