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
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