Discover and read the best of Twitter Threads about #tbtf
Most recents (3)
Welcome to the Most Anticipated Recession in History–Part 2 -It's a #GlobalRecession & #LiquidityCrisis. Consumer perspective shaped by what’s going on in their own world despite politicos ignoring the chaos - by @TraderStef for @crushthestreet #Recession
crushthestreet.com/articles/break…
crushthestreet.com/articles/break…
Saturday night self quarantine thoughts on the 2 crisis in 2008 and 2020 and how well the world was prepared in between ...
From #GFC to #covid19
From #GFC to #covid19
2008 was a shock due to excessive household debt in the US, and excessive risk taking by under capitalised shadow banks (broker dealers like Lehman which werent deposit taking institution but pure investment banks)
The bigger issue was interconnected ness of the financial system
The bigger issue was interconnected ness of the financial system
Banks, Mortgage Finance Companies (Ginnie Mae, Fannie Mae, Freddy Mac) in the US along with insurers were too big to fail #TBTF and when the credit markets froze the whole world got a shock ...
Since then a lot of rules have changed and many countries have reacted differently
Since then a lot of rules have changed and many countries have reacted differently
For my English-speaking followers, I provide a short summary of my recent op-ed in FAZ: "Banking Policy in the Glasshouse" (thread) 1/n
It starts from the observation that in the German public there's more outrage about bank rescues in Italy than about banking problems at home. This is even though #NordLB is much larger than #Carige. The German government even discusses a merger between 2/n
the 1st & 4th largest German bank, which would create a huge bank that would be even more systemically important than the two banks by themselves. I then discuss Banca #Carige and speculate about possible solutions, all likely involving taxpayers' money. 3/n
