Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: jjs_ynot who wrote (33095)	11/5/1998 4:49:00 PM
From: yard_man	Read Replies (1) of 94695

>>Developed countries' banks are, to be sure, highly leveraged, but subject to sufficiently effective supervision that local banking problems do not generally escalate into international financial crises. Most banks in emerging market economies are also highly leveraged, but their supervision often has not proved adequate to forestall failures and general financial crisis. << We know what were doing, but they don't. Yeah, right! Where did all the capital come from that has flown? People who are reassured by this man are going to be left holding the bag!

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