Wednesday 15 August 2012

Bamboozled by the Banking Industry: Are the Chickens Coming Home to Roost?






Despite stellar increases in their stock prices through 2009 and 2010, trillions of dollars of tax payer financed government assistance and ZiRP (zero interest rate policy), the failure of our politicians and regulatory authorities to force the banks to deal with their non-performing assets and mis-marked inventory simply set the world up for another 2008. Methinks the Chickens Are Coming Home to Roost!

No comments:

Post a Comment