In Finland, Norway, Sweden and Japan, the outcome was a full -
scale banking crisis, while in the United Kingdom and Australia financial institutions experienced significant losses.
Not exact matches
Similarly, earlier in the week, a Deutsche
Bank research team argued that in light of upcoming European elections and ongoing large -
scale economic and political challenges like the migrant
crisis, Europe is unlikely to see deeper coordination:
Maybe not this year or next, but when the next financial
crisis in
banking happens this next time it will be on a far worse
scale and impact to the people and the bankers will still get their bonus's, stock options and buy more airplanes.
The Senate is preparing to
scale back the sweeping
banking regulations passed after the 2008 financial
crisis, with more than a dozen Democrats ready to give Republicans the votes they need to weaken one of President Barack Obama's largest legislative achievements.
Central
Banks were able to normalize financial markets after the
crisis in 2008 by creating debt on a
scale never before seen in human history.
There could even be a minor bear market in housing, a few
bank failures, and some tapping of the FDIC, although not to the
scale of the financial
crisis.
But eventually Brown and Alistair Darling were forced to act in extraordinary and unprecedented ways by the sheer
scale of the
crisis, which threatened the viability of the whole
banking system and the economy.
Progressive Taxes and Revenue Sharing to end the fiscal
crises of our local governments and schools, Tuition - Free Public Colleges and Universities, Single Payer Health Care, $ 15 Minimum Wage, Public
Banking, Union Co-ops, a Ban on Fracking, a Climate Acton Program
scaled up to meet the
crisis, and more.
Nor did she downplay the
scale of the
crisis facing Britain thirty years ago, which, although probably not as scary as today's puff of smoke implosion of
banking and business confidence, was seemingly more intractable.
Climate change has never received the
crisis treatment from our leaders, despite the fact that it carries the risk of destroying lives on a vastly greater
scale than collapsed
banks or collapsed buildings.