November 27th, 2008 
admin Today’s credit crisis is the worst disruption to the global financial system in the lifetime of almost everyone alive today. This is truly ground-breaking stuff, and no one can be at all sure where it will end.
The fact that governments around the world have been forced to take the extraordinary step of guaranteeing inter-bank loans in an attempt to unfreeze bank-to-bank lending is a stark pointer to the paralysis in international financial markets, a paralysis born of mutual uncertainties about the extent of bank exposures to overvalued or worthless securities. (more…)
Posted in 
Tags: 
