Mon 11 Jan 2010
Simon Johnson: We’re Setting Ourselves Up For A Big Catastrophe, ‘Crisis Is Just Beginning’ (VIDEO)
Posted by k under FinanceNo Comments
“….For the six major banks of the United States, their total balance sheet is over 60 percent of U.S. GDP. [The banks] got bigger during the crisis. All the big guys are out there looking to take risk. So would you — and so would I — if we felt we were immune. If you had a ‘get out of jail free card,’ wouldn’t you go take a lot risk right now?” (Watch the video.)