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
4 Comments
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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?????
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
3. cornishman said...
flinster, yes - worth watching clip. Thanks for posting.
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...