Saturday, January 24, 2009

SHRINKING BANKS !

A friend of mine sent me this link recently.
http://www.invokemedia.com/wp-content/uploads/2009/01/shrinkingbanks.png
Even if the size of the circles is not accurate, the numbers don't lie.The colossal loss in Market Capitalization is stunning. Just take a look at Citigroup !!!
The regulators and Central Banks have no idea how to clean up this mess!
This reminds me of a quote I read on Jesse's Café Américain
'It isn’t that they can’t see the solution. It is that they can’t see the problem'
– G.K. Chesterton.

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