The World's 29 Too Big To Fail Banks

Discussion in 'Loans & Mortgage Brokers' started by Tropo, 9th Nov, 2011.

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  1. Tropo

    Tropo Well-Known Member

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    Tropo, 9th Nov, 2011
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  2. Chris C

    Chris C Well-Known Member

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    Probably need to add the big four aussie banks to that list - they all have assets that are as big as those mentioned.

    Westpac has assets even larger than a couple of those banks mentioned.

    I actually went away and did the maths on it and it turns out that the assets of the big four banks are three times the entire country's GDP...

    Makes me think if the Australian banks hit trouble not only are they too big to fail, they are too big to save...
     
    Chris C, 9th Nov, 2011
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  3. Tropo

    Tropo Well-Known Member

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    "Makes me think if the Australian banks hit trouble not only are they too big to fail, they are too big to save..."

    Good one ;)
    Question is how much truth is in all those statements, numbers etc...:eek:
     
    Tropo, 9th Nov, 2011
    #3