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The Banking System Will Have To Be Rescued | Alasdair MacLeod

Wealthion - Be Financially Resilient

CHAPTER

Introduction

The banking system will have to be rescued on higher interest rates. The banks are going to get into difficulties because they're extremely highly leveraged. If these very, very big companies like Thameswater are not rescued somehow, they're going to be huge great losses for the banks. I mean, we're talking about 30% of book value, sort of fear, 34% of bookvalue. So the market is saying that, you know, Houston, we've got a problem, sort of thing.

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