Tuesday, July 15, 2008

Prepare for bank failures

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 (679 views)
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2 thoughts on “Prepare for bank failures

  • Whostolemyendowment says:

    Last evening’s Newsnight – watch from 19 mins in…..www.bbc.co.uk/iplayer/episode/b00cl4y3

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  • Whostolemyendowment says:

    On Newsnight…….they discussed CDS ‘s – Credit Default Swap……..WTF!!!!!!!!!!!!!!

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