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Both banks should have been nationalised and their balances sheets detoxified by taking their hundreds of billions of bad loans into a "bad bank".
If the developed world sinks back into general contraction, that will make repair of government and household balances sheets all but impossible.
Since mid-October, it has been actively trading shares of high-quality, large-capitalization companies with rock-solid balances sheets, he said.
Along with billions of dollars of bad debts on their balances sheets, firms also are being hurt as customers in the most indebted countries start to withdraw deposits from local lenders.
"This likely reflects in part the greater sensitivity of UK household balances sheets in the medium term to floating interest rates, something that could be particularly relevant in our still heavily indebted post-crisis economy … We will learn more about the importance of these sensitivities as interest rates increase".
Mike Moriarty, deputy insurance superintendent for New York State, said that while A.I.G. subsidiaries did not report all their reinsured obligations on their balances sheets, state regulators could "follow the trail of liabilities" and make sure they did not get lost in the holding company.
Similar(52)
Last three years' balance sheets.
Balance sheets crumble.
They dive into balance sheets.
(Let alone the balance sheets).
Their balance sheets are too weak.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com