Word: bankses
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The one big worry is that in the 1920s, the banking system in the U.S. was about $50 billion, which was about 50% of GDP. The banking system and the shadow banking system now are about 150% of GDP. In Britain it's 350% of GDP. The worry is that...
Within two years, the LTTE, who say they are fighting subjugation by the majority Sinhalese, had set up law courts, banks, hospitals and administrative offices - all the trappings of state that stand in defiance of Sri Lanka. But it is no longer the home of rebel leadership or military operations...
What's more, the region's housing market remains relatively robust, mainly because post-Katrina demand for suitable housing remains strong and local banks haven't engaged in the sort of risky mortgages that have caused problems elsewhere in the country.
Before the euro, a financial crisis in Europe went hand in hand with currency woes: a run on weaker currencies, heavy intervention by central banks and finally a collapse of the parity system. "I've lived through currency devaluations, and they are fraught with anxieties," says Hans Martens, chief executive...
By continuing to throw money at the banks, the government is on the road to prolonging the recession and effecting massive inflation once confidence is restored and the economy then has too much liquidity. By making money available to the banks essentially for free, the Fed does not guarantee that...