Discussion in 'Finance & Banking' started by Tropo, 9th Nov, 2011.
The World's 29 Too Big To Fail Banks | Credit Writedowns
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...
"Makes me think if the Australian banks hit trouble not only are they too big to fail, they are too big to save..."
Question is how much truth is in all those statements, numbers etc...
Separate names with a comma.