Finacial markets will fall further

Story link: Finacial markets will fall further

So far it seems that nothing any Government does for the world wide financial system works. Banks are being bailed out left right and centre, interest rates have been dropped to record levels, but financial institutions are still reporting record losses, or applying for furher bail outs.

Finacial markets will fall further

Governments around the world may be starting to wonder if taking on the liabilities of the bust financial system was really such a good idea.
The markets took a real hammering yesterday as even the brightest star in the banking firmament – HSBC – turned out to have big problems, requiring the biggest non-government-backed rights issue in British history.