Friday, Sep 25, 2009

The Banks got off lightly

Ft.com: Financial groups hit by surge in loan losses

One in three dollars lent by non-bank institutions such as hedge funds, securitisation vehicles and pension funds to sectors including real estate, went sour

Posted by cynicalsoothsayer @ 12:31 PM (928 views)
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5 Comments

1. drewster said...

Who puts money in these funds? Is it our pensions? Insurance companies' reserve funds?

Friday, September 25, 2009 01:22PM Report Comment
 

2. icarus said...

The banks themselves funded a lot of hedge funds, SIVs, conduits etc (the shadow banking system), so they may not have got off so lightly.

Friday, September 25, 2009 01:47PM Report Comment
 

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