| I remember in 1990's the flight of capital into safe havens as many predicted major bank failures. After the Fed CUT rates, and the derivitives rumors began, the question of who is the safe haven to place your assets? Do you give it to Citigroup and SSB assuming they are to big to fail? Are there banks that have conservitivly managed their risk and can be trusted? If a real derivitive explosion occurs and Nikei colapses below 13K then a real bonifide banking crisis could submerge the world into a real life depression. I am not saying this will occur, but better safe then sorry. Any Ideas out there? |
