07-28-2014, 12:01 AM
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#1
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Confirmed User
Industry Role:
Join Date: Aug 2012
Posts: 898
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This guy says an even bigger crisis will follow. What do you think ?
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The balance sheets of the six largest western banks totalled $14.6 trillion at the end of 2012, compared with $10.7 trillion in 2007. In March, the International Monetary Fund admitted such banks still receive annual implicit subsidies of $590 billion, with creditors judging that state bailouts will indeed be forthcoming when reckless, highly leveraged investments go wrong. This flies in the face of political rhetoric that the problem is solved and taxpayers will never again have to bail out bonus-fuelled traders.
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http://www.spectator.co.uk/features/...-to-the-brink/ |
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