Monday, June 30, 2008
Banks to trample growth in rush to deleverage
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 (911 views)
4 thoughts on “Banks to trample growth in rush to deleverage”
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bystander says:
*******So what happened to all the tax payers money that was pumped in*********@mark
Bonuses????…speculation in commodities to fund next years ‘record’ bonuses?????
flintster1994 says:
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
cornishman says:
flinster, yes – worth watching clip. Thanks for posting.
a saver says:
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…