Large U.S. banks on brink of insolvency, experts say The BBC Attempts to Patch Up the Cracks - botches it, citing AGW could set off “negative feedback” Roots of the Banking Crisis
European Economic Collapse: “It May Already be Too Late to Prevent Social Unrest”
Jon Moulton, the private equity chief, warned a City lunch this week that he feared serious civil unrest. There was, he said, a 25 per cent chance of one of the 15 member countries of the eurozone pulling out of the currency club. That, he said, would be a catastrophic shock leading to a “far greater financial crisis” than the current one.
• Legislative Update - Government Stimulus Bill
• Obama warned over ‘welfare spendathon’
• G7 sets sights on ‘new world economic order’
• Obama to sign stimulus bill Tuesday
Some of the large banks in the United States, according to economists and other finance experts, are like dead men walking.
• GM considering Chapter 11 filing, new company: report
BBC Can’t even get their reporting correct. The reporter in this video report that accompanies the web article says that “The fear is that increased global warming could set off what’s called negative feedback…..”
Whenever you try to solve a problem you should look at what caused the problem in the first place. In early 2009, the banking system is wrestling with hundreds of billions (if not trillions) of dollars of bad assets, known as subprime loans, marginal loans, or other vague descriptors.
Sunday, 15 February 2009
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