Tuesday, August 9, 2011
Do you know that there is a possibility of another banking crisis next year ?
Have you wondered why the banks just have not been lending and no one has come up with a reasonable explanation as to why that is. Well, if you haven't you should because our banks are a long way from being out of the woods. Which is strange considering the bonuses they have be paying themselves. It now transpires that due to ongoing bad debt and new rules on capital requirements, our lovely banks may require government istance of up to �25 BILLION per MONTH next year. Given that the previous banking crisis has led to soon to be announced record spending cuts, how would you feel about the government helping the banks again ?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment