Wednesday, Dec 02, 2009

Banks set to run the world.

Bloomberg: European Banks Growing Bigger ‘Sowing the Seeds’ of Next Crisis

European banks are emerging from the credit crisis bigger than before, posing more risk to their national economies.
BNP Paribas SA, Barclays Plc and Banco Santander SA are among at least 353 European lenders that have increased in size since the beginning of 2007, according to data compiled by Bloomberg. Fifteen European banks now have assets larger than their home economies, compared with 10 lenders three years ago.

Posted by flintster1994 @ 05:44 PM (926 views)
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1. crunchy said...

I Knew of this so called outcome ages ago (archives). Yawn. It's called centralisation/consolidation and it is not only happening to banks, look around you. Massive news on climate change coming soon, after a very quiet period, lol. The huge embarrassment will not last.

There is more news on this if you care to look. This was revealed to BBC over 5 weeks ago. Go figure! How else do you think globalisation is going to be financed and implemented. This is big news I'm afraid folks and I could not wait around for hell to freeze over.

Wednesday, December 2, 2009 06:45PM Report Comment

2. crunchy said...

"Banks set to run the world."

LOL, Finally it's slowly sinking in. Oh boy!

Wednesday, December 2, 2009 06:48PM Report Comment

3. Alfie said...

Yeah, it won't be long before the banks have G Brown in a box like a Gimp, and they will release him for an S&M session.

That type of treatment is probably right up his alley (excuse the pun)

Wednesday, December 2, 2009 07:12PM Report Comment

4. rumble said...

I thought they already did..?

Wednesday, December 2, 2009 11:21PM Report Comment

5. alan said...

From the article:
"Britain, with an economy one-fifth the size of the U.S.’s, faces widening budget deficits, rising unemployment and increased taxes after four bank bailouts, including the 45.5 billion-pound rescue of RBS".

Debt crisis on the starboard bow, cap'n!

Yes, that's the price of keeping the housing bubble going, folks.

Gordo - you berk!

Wednesday, December 2, 2009 11:57PM Report Comment

6. crunchy said...

3. rumble.... Yes, but you have not seen anything yet. There is so much more potential, they have only scratched the surface.

Do you have any idea of what kind of appetite and amibition it takes to be, or become a Top Dog and to remain so?

Thursday, December 3, 2009 01:02AM Report Comment

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