richardhutnik on 05 August 2012
| Kasz216 said: Looks like that 2 Billion they set aside for fines is going to be bit light. |
It does look like the moment there is a chink in the armor, then the floodgates will open. I don't think the fallout for all that has happened with the multinational banks has fully come to roost yet.
If things get real bad, they could end up needing to set aside a LOT more than 2 billion for fines. They may have to set aside much more to cover a run on the banks. If the banks end up doing what happened late last decade again, I don't see governments bailing them out this time. The money isn't there, nor is the popular support. Hey, maybe the central banks can do some QE to infinity... and beyond.
