Big Banks on a Knife Edge as Almost $1 Trillion of Shareholder Value is Wiped Out.

#banks #crisis #loans #losses #providsions #credit #volatility #stimulus #bankruptcies #federalreserve #repocrisis #bailouts #tbtf

Today I will Look at how the major banks on bout sides of the pond are in a precarious situation. It could be that the worst is over in terms of the current crisis and that banks and the economy could recover but my view is that this scenario is very unlikely.

My conclusion is the worst is yet to come for the financial system, the markets and the economies and that we could end up seeing many of this so-called Too Big to fail Banks go to the wall or we will also might some being nationalised.

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