Still No Escape for Taxpayers If Banks Go Bust
Saturday, 18 August 2012 06:36
Posted by David Icke
'Five years since the start of the financial crisis, taxpayers would still be forced to foot the bill should more banks fail because countries are delaying alternative solutions.
Finding a way to shut down big banks quickly without triggering market mayhem — the threat of which prompted governments around the world to resort to publicly-funded bailouts between 2007 and 2009 — remains a mammoth task.
Britain, Switzerland and the United States, frustrated by the slow pace of reform, have drawn up plans giving their local regulators power to step in should a major lender go bust.'
Read more: Still No Escape for Taxpayers If Banks Go Bust
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