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Investments => Financial Markets and the economy => Topic started by: The Prophet on August 20, 2011, 10:25:15 am

Title: Banking Crisis - Credit Crunch 2
Post by: The Prophet on August 20, 2011, 10:25:15 am

The cause of a deep recession and out of control public debts, the original banking crisis has now morphed into a sovereign debt crisis.
Because sovereign bonds are a core "asset" for all large international banks, a second banking crisis looms ever near only this time, governments do not have any money for bank bail-outs.