Would you like a loan?
Lisa Poole/AP Photo
In the wake of Fannie and Freddie, some experts are wondering about what would happen if a place like the Swiss bank UBS began to sink. UBS is so big it's like its own country.
Hans Eichel, former finance minister of Germany, said last week that Switzerland itself would be unable to bail it out if something went wrong.
Domenico Sinescalco, who was finance minister of Italy, put it more simply. "Permit me a joke," he said. "God save UBS.
"We don't need a crisis like that in Europe."
I'm curious if, in this global economy, we are breeding larger and larger institutions. No idea if that's true. Thoughts?
categories: Fannie and Freddie
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