Quote:
Originally Posted by Ethersync
They are hugely over leveraged. Simple as that.
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Sure, I understand that but why, i mean apart from sub prime and toxic debt? Is it the capitalist system that encouraged too much leverage due to competition ie so institutions could get bigger and bigger than their competitors?
See because SBI and BOC are also operating in competitive environments in their respective countries (India & China) and they dont have these problems.