Post
Topic
Board Economics
Re: The problem with Credit Suisse and banking sector.
by
HostColor
on 21/03/2023, 18:32:35 UTC
The most important thing in 2023 is that the primary causes of the 2007–2008 financial crisis - an enormous amount of poor-quality subprime mortgages spread around the world through derivatives in the balance sheets of poorly capitalized banks — do not apply in 2023. So, it is unlikely to have a major banking crisis in 2023.