The great crash of 08-09
This great crash now morphing into a great depression has stung stock market investors for half their nominal wealth.
Meanwhile the bear market in property is putting one out of every four homeowners underwater - soon to be nearly half, as property slides a further 50% plus.
So, expect banks to suddenly find their capital ratios have sunk - and they need much more taxpayers cash to keep floating.
Jobs for Interim Management experts in the banking sector should abound soon.
Meanwhile the bear market in property is putting one out of every four homeowners underwater - soon to be nearly half, as property slides a further 50% plus.
So, expect banks to suddenly find their capital ratios have sunk - and they need much more taxpayers cash to keep floating.
Jobs for Interim Management experts in the banking sector should abound soon.

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