Friday, Dec 04, 2009

Why the next banking crisis could be even worse

MoneyWeek: Why the next banking crisis could be even worse

We have learnt nothing from the financial crisis. The banking system is more fragile than ever before and there is much more scope for things to go wrong. And the consequences will be far worse.

Posted by damien @ 11:55 AM (1619 views)
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1. mark wadsworth said...

Yeah, but the next banking crisis (which joined on seamlessly to the first one) will be a slo-o-ow dragged out affair, where we become inured to successive failures and bailouts in the same way as we get used to barbecues being rained off or our national teams failing to qualify for finals.

Friday, December 4, 2009 01:41PM Report Comment

2. drewster said...

We're all Japanese now.

Friday, December 4, 2009 02:11PM Report Comment

3. cynicalsoothsayer said...

Dubai? All drawn out? More like panic.

Friday, December 4, 2009 06:58PM Report Comment

4. Eternal Sceptic said...

I disagree with the statement we have learned nothing. We have found out that the ship of state has turned into an asylum run by lunatics, our banking system is infested by crooks who staunchly believe the Enron business model can run forever, and that the bulk of the population can be reduced to Dickensian servitude.Happy Christmas.

Friday, December 4, 2009 10:08PM Report Comment

5. mark wadsworth said...

Dubai is a teeny tiny corner of the world, if they can cause that much panic ...

Friday, December 4, 2009 11:36PM Report Comment

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