The situation in banking is much worse than people think

Published in Saturday 30 January 2016 (p.6) Dagens Nyheter. Based on a study of 3 years in London and 200 interviews Joris Luyendijk  concludes there is no hope at all that lessons after the Lehman Brothers crash of 2008 and the financial crisis that was unleashed had been learned. If when they collapse again, tax money will be thrown at them once more.

The EU is even in worse shape, the euro to be bailed out by a bail-in from the savings of shareholders. Already in Greece one bank has been bailed-in, leading to the suicide of one saver, and this before the next crisis has even begun.

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