Friday, November 26, 2010

Quote of the day

Buttonwood:
Bad debts are being passed up the chain, from private investors to banks, and from commercial banks to central banks and governments. The debts aren't any more likely to be serviced once they have changed hands. And a central bank's ability to absorb losses is not infinite.

No comments:

 
Creative Commons License
This work is licensed under a Creative Commons Attribution-No Derivative Works 3.0 United States License.