Showing posts with label european union. Show all posts
Showing posts with label european union. Show all posts

Thursday, April 14, 2011

USA Inc Needs a Bailout? #TBTF

If it wasnt for the Fed printing money and borrowing from every Tom Dick and Harry, we would probably need a bailout like Greece, Ireland, Spain, Italy, etc...

Clipped from www.cnbc.com

Banks Face $3.6 Trillion 'Wall' of Debt: IMF

The world's banks face a $3.6 trillion "wall of maturing debt" in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday.

The IMF and European Union bailed out Greece and Ireland, and are in talks with Portugal on a lending program as sovereign borrowing costs surge.

US banks built up capital buffers in 2009, when regulators completed a set of stress tests that revealed some large holes.

It said government debt was generally high and on a worrying upward path in many advanced economies.

It repeated its warning that the United States and Japan faced particularly dangerous debt dynamics.

Read more at www.cnbc.com