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Credit turmoil ‘has hallmarks of bank run’ says top central banker

This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 2 years 80 days ago (ft.com). Views: 92
Tags: housing bubble

Related Tags: credit crisis gold wall street economics peter schiff inflation banks

“What we are seeing is basically what we see underlying all banking crises,” said Mr Weber, one of the most influential members of the governing council of the European Central Bank.

The comments mark the first time that a top central banker has endorsed the notion that the non-bank financial system is seeing an old-style bank run.

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Housing Bubble and Bear Links (1,504 Links)

Created by ian 2 years 226 days ago in Finance. Views: 12,004. Link Views: 396,491
Tags: housing bubble investing real estate subprime mortgage finance economics
Related Tags: wall street business stocks video politics consumer issues credit crisis

This channel was created on April 10, 2007, during the peak of the housing mania, to warn investors of the coming collapse in home prices. For quite some time we have warned investors to get out of U.S. stocks. This channel represents the best of the [More...]

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