The past 10 days have been “the most dramatic in Wall Street’s 216-year history” seeing Lehman Brothers collapse, AIG fall into critical distress, and the US Federal Reserve creating a c. US$1 Trillion rescue plan to “save the world”.
While many investors were caught in this crisis, the leading economists in the world saw it coming. In this article, we talk exclusively to Kenneth Murray who is Chairman & Executive Director of Blue Planet Investment Management, and a renowned banking economist about the factors which caused the crunch, whether banks have bottomed out, the future of global banking, and whether it’s the right time to invest in banks.
http://thoughteconomics.blogspot.com/2008/09/have-banks-bottomed-out-what-is-future.html