The stock market rallied by the end of yesterday so does that mean 'crisis' averted?
Perhaps the measures put in place after the 2008 crash worked.
Perhaps the measures put in place after the 2008 crash worked.
The stock market rallied by the end of yesterday so does that mean 'crisis' averted?
Perhaps the measures put in place after the 2008 crash worked.
It's that aspect of the financial markets that angers me: like reckless gamblers at a casino they throw it all on 23-black without a care, knowing full well the government will always give them more chips to keep on playing the game.When times are good, the freebooting buccaneers pocket the profits as private capitalists.
When trouble strikes they become Socialists. "We're all in this together."
Sunak and Hunt had been keen to relax banking regulation in UK but have recently been warned not to be so effing stupid.
Credit Suisse next?
I think that is similar to the Chinese model.government invest in 'some of our most promising companies in the UK' directly
Maybe because it was a "preferred financial institution" for Mexican and Colombian drug cartels amongst other dodgy 'investors'?Well, HSBC didn't have to call on reserves even in 2008.
HSBC had serious and epic issues about a decade ago.Irrelevance AND purulence from Ellal as always.
Like many banks they've had half-assed allegations, and some fines, but the point is they're resilient enough to still be around - and buy up another bank's debt for £1.
The problems around at the moment are blamed on inadequate application of regulations in some less than huge banks, exacerbated by an unusually sudden hike in rates. "Contagion" is nervousness through banking as a whole, possibly causing problems for some.
Gold is always the safe harbour.Gold's doing OK.
Yes, but mostly silver at present. I will sell some soon, then wait for the dip and buy some more.Gold is always the safe harbour.
Is that why you're collecting coins?