Posts tagged ‘disaster’

A RECIPE FOR DISASTER

Written June 12th, 2009 by
Categories: Egon von Greyerz' Newsletters, Latest Articles

Take the following ingredients:

  1. A banking system which is on the verge of collapse
  2. Add a few $ trillion of government liquidity and guarantees
  3. Inject $ 100′s of billions in loans and capital
  4. Keep all the bank management that have caused the crisis
  5. Pay them astronomical bonuses because otherwise they might be snapped up by a bankrupt competitor Read the rest of this entry »