As the monetary systems of the world collapse around the bungled real-estate bubble a new world order of banks is rising. Consolidating the failing loans, loans with speculative or bogus collateral, with other banks holding the same bogus paper is not going to float the ship.
As the monetary systems of the world collapse around the bungled real-estate bubble a new world order of banks is rising. Consolidating the failing loans, loans with speculative or bogus collateral, with other banks holding the same bogus paper is not going to float the ship.
