The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheStreet) -- In the last quarter century, each and every time politicians have "kicked the can down the road" in order to buy time to protect their banks (with the false hope that there will be a "deus ex machina," i.e., a miracle), the resulting pain is much worse than if the problem had been addressed head on and resolved, even if painful at the time. You can look at this in many ways, including the deficit and entitlement issues in the U.S. But, I am going to limit myself to the financial realm in this particular essay.
Kicking the Can: The Issue of Bank Capital
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