Monday, Jun 30, 2008

Banks to trample growth in rush to deleverage

reuters: Banks to trample growth in rush to deleverage

Those losses -- which are still mounting and being recognised -- have piled up faster than banks can raise new capital, leaving the system today more extended than it was before the crisis began.
*******So what happened to all the tax payers money that was pumped in*********

Posted by mark @ 09:26 AM (394 views) Add Comment
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4 Comments

1. bystander said...

*******So what happened to all the tax payers money that was pumped in*********@mark


Bonuses????...speculation in commodities to fund next years 'record' bonuses?????

Monday, June 30, 2008 09:28AM Report Comment
 

2. flintster1994 said...

Sorry, not relevent to the article but I thought some of you may find this Bloomberg video interesting.

http://www.bloomberg.com/avp/avp.htm?N=av&T=Hennecke%20Says%20U.S.%20Faces%20'Hyperinflationary%20Depression'&clipSRC=mms://media2.bloomberg.com/cache/vVkI8WexWY2M.asf

Monday, June 30, 2008 09:55AM Report Comment
 

3. cornishman said...

flinster, yes - worth watching clip. Thanks for posting.

Monday, June 30, 2008 10:10AM Report Comment
 

4. a saver said...

Well this is repeating myself but I still think the banks are not doing nearly enough to keep our money safe. They are STILL lending fairly cheaply with too-high LTVs. You would think they would have learned their lesson but no. There's always the taxpayer to bail them out -up to a point...

Monday, June 30, 2008 10:11AM Report Comment
 

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