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Tag Archives: banking crash

UK Banks still vulnerable

Bank failure

Ten years on from the global banking meltdown, UK banks are still vulnerable according to Martin Wolf in the Financial Times: “Senior officials argue that capital requirements have increased 10-fold. Yet this is true only if one relies on the alchemy of risk-weighting. In the UK, actual leverage has merely …

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Ten years on and we’re still repeating the big lie

2007 banking crash

As media outlets wheel out the political and economic luminaries who supposedly “saved the world” a decade ago, journalists are still repeating the biggest lie of all: that there was a “credit crunch.” The official story goes something like this: wicked mortgage lenders in the USA had been making loans …

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