Originally posted by unixman
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Forex traders have been shocked into behaving themselves but it might not last...
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Originally posted by unixman View PostI don't agree in the "too big to fail" story.
These were the "too big to fail" banks.Comment
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Originally posted by unixman View PostI don't agree in the "too big to fail" story.
They will always be too big to fail.Comment
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Originally posted by LondonManc View PostI think Lehman were failed to prove a point.
Still see a lot of arrogance walking around the wharf though.
Not one single person in those types of jobs will believe what happened to that guy could happen to them.Comment
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Originally posted by DimPrawn View PostSome banks were holding the wealth of the global elite, who used the money to buy up all the cheap assets after the "crash".
These were the "too big to fail" banks.Comment
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Originally posted by BrilloPad View PostAt least the money was used to buy assets and not just held in offshore accounts.Comment
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Originally posted by AtW View PostBarclays, Lloyds, RBS (+ their subbrands) are all too big to fail in UK - their combined market share probably 90%.
They will always be too big to fail.
As it is the banks are still composed of a strong criminal element. All the faces who brought you the 2007 crash are still there. In the meantime, we have had Libor, money laundering, links to drug cartels, asset stripping, banks deliberately failing business customers in order to asset strip, banks betting on business failure, corruption, collusion.. etc. etc.Comment
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Originally posted by unixman View PostI didn't say every bank should fail, only one or two of them. One or two should have been liquidated immediately.
Lehman was allowed to go bust because it was investment bank and even that almost killed banking systemComment
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Originally posted by AtW View PostIf any of those banks folded, then insurance companies would fold, other banks too, and businesses that had money in them.
Lehman was allowed to go bust because it was investment bank and even that almost killed banking systemComment
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