Skip to content

Are The Banks Too Big?

June 24, 2010

Take a look:

It might be fairer to label this issue as the Royal Bank of Scotland problem – because RBS had a balance sheet that reached roughly 1.5 times the size of the British economy before it failed.  Or perhaps we should call it the Irish problem – three banks with combined assets around 200 percent of the Irish economy, and then they failed.  Or even the Iceland problem – three banks that were 11-13 times the size of the Icelandic economy before they went belly up.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: