Tuesday, Jul 15, 2008
Prepare for bank failures
FT: The Short View: Too big to fail
John Authers makes pertinent observations on the Fannie and Freddie bail out. Given that things are bad enough to need that Fed support, banks small enough to fail may well do so. Another point, made on Newsnight last night, is the sums are so large, the US may need to print money, which as we know means inflation. Wither deflation now.
Posted by letthemfall @ 09:47 AM (356 views) Add Comment
2 Comments
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1. Whostolemyendowment said...
Last evening's Newsnight - watch from 19 mins in.....www.bbc.co.uk/iplayer/episode/b00cl4y3
2. Whostolemyendowment said...
On Newsnight.......they discussed CDS 's - Credit Default Swap........WTF!!!!!!!!!!!!!!