What Huge Risks Are Big Banks Hiding?

"The financial crisis had many causes—too much borrowing, foolish investments, misguided regulation—but at its core, the panic resulted from a lack of transparency. The reason no one wanted to lend to or trade with the banks during the fall of 2008, when Lehman Brothers collapsed, was that no one could understand the banks' risks. It was impossible to tell, from looking at a particular bank's disclosures, whether it might suddenly implode."*

Almost 80% of investors don't trust the big banks. Former high-ranking bank officials don't trust them either. What's hiding inside America's banks, and how much are they really worth? Cenk Uygur breaks down the disturbing details.
*Read more from Frank Partnoy and Jesse Eisinger/ The Atlantic:
http://www.theatlantic.com/magazine/a...

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• Category

  News & Politics

[wecamewithbroken125]

The Wall Street Mafia has been holding the entire world hostage for the past century and will eventually fail and drag the entire global economy to hell along with it if we don't cut the lethal ties that bind us together.

[Chrysalis M]

bankers, theres a reason they are only one letter away from being wankers...

[gabiotta]

Hard to imagine they could do a worse job of it.

[DebateMeTheists]

i think the government should control all the money. you should get loans and mortgages from the government not a bank.

[Ryan Dittmar]

, and yes they don't get bailed out every once in a while (the taxpayers profited from the interest and the the US government let the Lehman Brothers fail because they didn't believe the bank could repay the loans due to their risky business practises (my speculation)). So you can't talk shit on something that is too much for you to understand. Financial markets are a good thing to have in an economy. You all ,whether you agree with me or not, have a better life because of banking. LIve with it

[Ryan Dittmar]

Banking is such an easy thing to say I don't get it and assume it's bad because the economy got hurt by it. The problem with general citizens is that they are afraid of complicated ideas, concepts etc. Yes, they take on risk with your money (almsot always by your choice), and yes the employees make big bucks (after 5 years of grueling 80-100 hour weeks and they can't pay for a nice house until they move out of the area they live in becuase of their job)

[sjbrooksy45]

"I never let a banker go!"

[Liam Fielding]

How can you bet $70 trillion and say only a percentage is at right? You're risking whatever you put up, and the risk is divided between all parties involved (at the very least) so even with 70 betters there's somebody risking a trillion, and I doubt there's that many.

[mhcreativeforum]

If You search for "mhcretiveforum Two Suggestions for a Better World Economy" there is a chronicle with some interesting thoughts about this subject.

[hofifut]

Sure Cenk, you said the same thing 4 years ago. But fear mongering does make you seem like you're out for the little guy, so just keep perpetuating the same things, while attempting to drive up your ratings on YouTube. In the meantime, I'll continue betting on the American economy, which has enriched me over the last 4 years. You see, it's easy to say what caused the crash in 2007/2008, but I didn't see you on YouTube in 2006 warning about it. You only called it after it happened.

[cuevasdecamuy]

I know is an extrapolation, but Nature has a way of showing itself in everything. A huge star runs out fuel quicker, and collapses upon itself, Big empires over extend, and collapses, people get greedy amount wealth and drown in their own perdition. To Big...Will Fail. The way that nature restores balance.