Tuesday, November 24, 2009

S&P warns most global banks are still unsafe - Informed Citizen News







As usual good stories from ICN  but I also wanted to share thesestories with you...

Most global banks are still unsafe, warns SP

Standard & Poor's has given warning that nearly all of the world's big banks lack sufficient capital to cover trading and investment exposure, risking further downgrades over the next 18 months unless they move swiftly to beef up their defences.

Every single bank in Japan, the US, Germany, Spain, and Italy included in S&P's list of 45 global lenders fails the 8pc safety level under the agency's risk-adjusted capital (RAC) ratio. Most fall woefully short.


While some banks may look healthy under normal Tier 1 and leverage targets, critics claim these measures can be highly misleading since they fail to discriminate between high-risk and low-risk uses of leverage




On ICN This week's stories...


#1 Desiree Jennings Experiences Amazing Recovery with Nature-based Therapies
http://educate-yourself.org/vcd/desir...


#1A Other Flu Vaccine Stories

Another student stricken with Guillian-Barre syndrome 18 hours after injection of H1N1 vaccine, but CDC says there is no clear link.

http://www.msnbc.msn.com/id/33845867/ns/health-cold_and_flu
95% of the population resisted pro-vaccine propaganda from government and media.
http://www.nytimes.com/2009/11/09/nyr...


#2 Justice Dept. Asked For News Site's Visitor Lists
http://www.cbsnews.com/blogs/2009/11/...


#3 White House Says U.S. Has Right to Require Insurance
http://prescriptions.blogs.nytimes.co...
http://www.cnsnews.com/news/article/5...
http://www.cnsnews.com/news/article/5...


Pelosi Rebuffs Constitutional Question
http://www.jbs.org/jbs-news-feed/5549...


#4 Continental Congress
http://www.cc2009.us/
http://freedom.tv/live/


#5 The new faces of day labor
http://www.lasvegassun.com/news/2009/...




#6 MILLION HIT BY PLAGUE WORSE THAN SWINE FLU
http://www.express.co.uk/posts/view/1...


#7 Ukraine Flu Update
http://ukraineplague.blogspot.com/200...


#8 Gore, first carbon billionaire?
http://www.dailyfinance.com/2009/11/0...
http://www.guardian.co.uk/world/2009/...


#9 More Americans are bypassing banks and turning to Peer-to-Peer lending groups on the Internet.
http://www.parade.com/news/intelligen...



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