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29 Banks Too Big To Fail Named

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Uploaded by on Nov 4, 2011

From: http://www.youtube.com/user/Euronews

November 04, 2011 - At the Cannes summit of the world's leading economies, 29 banks have been named as being so important to the global financial system that they are likely to need to hold more capital reserves than their rivals.

Leaders said they will have to put in place a plan to allow them to be wound up without taxpayer help if they hit trouble.

Seventeen are from Europe, eight from the US, and just four from Asia.

http://www.euronews.net/

FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 106A-117 of the U.S. Copyright Law.

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  • oh finally the banks are here to save us! we should all chip in and buy them a pile of dog shit to show our appreciation!

  • Does this mean no more bail outs ? 

  • Lloyds of London no longer insures in the EU

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