Deregulated Banking - I Hate Banks.com.au
Rated • 2 reviews • banking • ihatebanks.com.au
This doesn't just apply to banking in Australia, but applies also to the precarious direction that banks in other countries, as well as global financial markets as a whole, are taking... all in the quest for higher leverage and greater profits!
But at what eventual price? The article quotes Warren Buffett's grim view of this direction, and this has been echoed by George Soros more recently with the sub-prime meltdown. Great article indeed, and in light of the sub-prime developments since mid-2007, somewhat prophetic!
But at what eventual price? The article quotes Warren Buffett's grim view of this direction, and this has been echoed by George Soros more recently with the sub-prime meltdown. Great article indeed, and in light of the sub-prime developments since mid-2007, somewhat prophetic!
