Silva and a team of researchers, including Manuela Dantas, an assistant professor at California State University-Northridge, and Ken Merkley, a professor at Indiana University, analyzed several reported numbers, including loan loss provisions and pre-provision earnings. Because government guarantees cannot be randomized as they often are in biotech trials, the researchers analyzed two situations where government guarantees changed due to “external” factors not related to the individual banking sectors of their study. Specifically, the authors analyzed the increase in implicit government guarantees caused by the creation of the Eurozone and the removal of explicit government guarantees granted to the Landesbanken, a group of large state-owned banks in Germany.
https://www.miragenews.com/government-guarantees-keep-banks-open-and-give-1007431/
Mirage News
Story ran in dozens of online publications across the country.