John Truman Wolfe - Get Ready for Another 2008-09 Event #4163
Author and publisher John Truman Wolfe says get ready for more trouble in the banking sector. Derivatives will help lead the next disaster. And the big banks are by no means insulated. Citibank just reported a $180 loan loss to an Asian hedge fund. And this could just be the beginning. Unsound loans to weak borrowers is an ongoing pattern. Nothing ever really changes.