Zombie Banks: How Broken Banks and Debtor Nations Are Crippling the Global Economy
| Author | : | |
| Rating | : | 4.26 (634 Votes) |
| Asin | : | 1118094522 |
| Format Type | : | paperback |
| Number of Pages | : | 184 Pages |
| Publish Date | : | 2014-03-09 |
| Language | : | English |
DESCRIPTION:
Important topical work Everyone agrees that the present economic problems are severe and frightening. Few people are interested in exploring how they could get worse. It seems to me that an honest exploration of the fault lines in our economic system are absolutely necessary, yet very few people seem inclined to take a stab at them. I don't understand why concerned people would not demand more such analysis, but most modern journalists seem to be more interested in regurgitating pr. "Excellent Analyses and Background -" according to Loyd Eskildson. Zombie banks don't eat people as the term's historical usage might suggest - instead they eat money. Author Onaran contends that zombie banks, defined as those with net values below zero, are running amok - thanks to being propped up by governments that allow them to continue operating (waiving various requirements), and further aiding them through loans. Who specifically is he talking about in the U.S. - primarily Bank of America, and Citibank. (This isn't C. "frighteningly relevant" according to evanlucky1frighteningly relevant this book takes an in depth look at the trouble we are getting ourselves into as the accumulation of the national debt continues to increase. It allows the reader to contemplate deeply on the problems that are arising and perhaps that are to come. One this is certain after reading this title; something has got to give.. . this book takes an in depth look at the trouble we are getting ourselves into as the accumulation of the national debt continues to increase. It allows the reader to contemplate deeply on the problems that are arising and perhaps that are to come. One this is certain after reading this title; something has got to give.
Bair, does the chore and explains what it means. Mr. Reading bank balance sheets is not everyone's idea of a good time. Federal Deposit Insurance Corp. One of the more interesting early threads in the book is the juxtaposition of the experience of the US in the S&L crisis and Japan in the 1980s and 1990s with the US today. But in an attempt to prolong the inevitable, bigger problems are created. This timely book reveals why. Onaran, with support from Ms. Onaran shows that the process of rescuing dead and dying banks is increasing systemic risk in the global banking system. chief Sheila Bair - who provides a foreword and numerous interviews - urge that insolvent banks both small and too big to fail be allowed to do precisely that. Zombie Banks tells the story of how debtor nations and failing institutions are damaging the long-term prospects of the global economy.Author Yalman Onaran, a veteran Bloomberg News reporter and financial banking sector expert, examines exactly what a zombie bank is a
Here mortgages need to be written down to diminished house values, in Europe sovereign bonds to levels that will allow countries to resume growth. They're too weak to survive a second downturn. What about the stress tests? The Europeans have carried out three of those in the last three years? Why haven't those helped? The first three tests failed miserably because their assumptions were too optimistic. Why are Bank of America shares dropping more than its peers? BofA has the largest portfolio of mortgages which are souring and faces the biggest lawsuits due to home loans packaged into tricky securities that blew up in 2008. The longer BofA waits, the lower its share prices get, making a capital increase more costly and less effective. banks could suffer substantial losses in case of a string of EU defaults. When the debt isn't paid -- and most of it can't be -- then lo