Tag Archives : Bailouts

The number of active ‘toxic assets’ in the balance sheet of banks around the world could reach $4 trillion, according to new forecasts to be issued by the International Monetary Fund (IMF). The institution headed by Dominique Strauss-Kahn estimated in January that US-originated assets could decline to $2.2 trillion by the end of next year. In its [...]

Recession seems to be stale news now but the latest from the department of recession is that many major banks may collapse in the weeks and months to come. about 14 banks have collapsed in just 2009 and many dozens more are expected to. Stuart Greenbaum who is the retired dean and professor emeritus at Washington University feels that one will see a [...]