How come we didn't see anything like this post the crash?

Calahonda52 · 2024-12-09 09:03:37

especially re Anglo where the number was 64 billion IIRC that tax payers had to stump up https://www.cnn.com/2024/12/06/asia/vietnam-truong-my-lan-death-row-scandal-intl-hnk/index.html

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#32 12-12-2024 02:27PM

Dohnjoe

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https://www.boards.ie/discussion/comment/122948277#Comment_122948277

Shitshow absolutely. Not an expert on this but the worry wasn't Anglo itself - rather the contagion and knock-on effects of letting it fail. Banking hinges on that, look at the contagion that the SVB fail caused in early 2023, not that there was no reason behind, but even in a relatively stable environment that very quickly reverberated all around the world and took down a large Swiss bank (Credit Suisse) and very nearly Deutsch Bank. Panic is the real threat.

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