Tuesday, 20 January 2009

Reuters' John Kemp Comment on Bank Woes in the U.S., U.K.

Interesting comment by Reuters columnist John Kemp on what he calls ''the largest debt crisis in history.´´ He is definitely right. Active policies by these two governments have shown uncapable of easing the fallout in global financial companies. Citigroup stock touched $3 earlier today, and the RBS deal in the U.K. seems to be the first in a wave of bank nationalisations there.

Click here to read the entire article.

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