Comment on Bank For International Settlements Report: Big Banks Take Risks Expecting Taxpayers To Cover Losses

Bank For International Settlements Report: Big Banks Take Risks Expecting Taxpayers To Cover Losses

FRANKFURT, Germany — Governments, banks and households struggling with too much debt are dragging down the world's economy and more needs to be done to make the banking system safer, a global organization of central banks warned Sunday.The Bank for International Settlements said in its annual report that the world economy remains out of balance, with advanced economies struggling with debt and emerging economies growing strongly but facing risks of their own version of boom and bust.Read More... More on Financial Crisis

 

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