The Good, The Bad, and The Ugly The Global Financial Crisis. The Good the Bad and the Ugly Those requiring a bail out , and those loaning money The Good Similarities: Low to no debt, exporting base, solid banks, prudent lending
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The Good, The Bad, and The Ugly
The Global Financial Crisis
The Good the Bad and the Ugly
(Possibly Portugal and Spain and more in the not so distant future. . . . )
Germany: 8% unemployment / $175 Billion Surplus
Ireland: 13.6 % unemployment / $75.4 million SURPLUS
Spain: 19% unemployment / $84 Billion Deficit
Was established to set guidelines for capital ratios for international banks.
Moral Hazards Similar to U.S.
Moral Hazard / Asymmetric Information
Allows for too little “skin in the game” yielding riskier decisions in housing markets.
Needed to reinforce less riskier investment vehicles, and capital reserve ratios that could weather a financial downturn.
THE BAD & THE UGLY