Archive for February 17th, 2009
Are the Banks Doomed to Fail?
Tuesday, February 17th, 2009As the US Treasury conducts its stress tests on US banks the fear is that they do not have sufficient capital to survive. This theory is founded on the condition that the economy does not deteriorate any further.
With Japan’s economy contracting at levels equal to the Great Depression this optimism seems more than a little out […]