bank crisis

discussion
Doug
By Doug on Thu, Apr 11, 2013 - 9:38pm

Fascinating interview with Carmen Reinhart

http://www.zerohedge.com/news/2013-04-11/carmen-reinhart-no-doubt-our-pensions-are-screwed

I was particularly struck by these observations:

SPIEGEL: The United States is very highly indebted as well.

discussion
Adam Taggart
By Adam Taggart on Wed, Apr 3, 2013 - 5:12pm

Visualizing Cyprus

The team at Demonocracy has released another terrific infographic. This one visualizes the situation in Cyprus: how big the hole is, and whose money is getting poured into it.

It's an excellent way to understand how the captial crunch occurred, and how much depositor wealth is getting vaporized to make up for the excesses of Cypruses reckless bankers, lax regulators, and greedy politicians.

Click image for a larger version.