What happens when multinational bank defaults on its obligations?
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willey
Apprentice
Joined: 11 Dec 2004
Posts: 4
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 Posted: 08/02/08 - 05:19 Post subject: |
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I have recently started with investments. I have accumulated fair amount of assets and I have looking into the most efficient way to invest. Now, I would like to know what happens when multinational bank defaults on its obligations. Thanks in advance. Any info will do and really mean a lot.
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daryl
Apprentice
Joined: 05 Mar 2007
Posts: 3
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| Posted: 09/01/08 - 01:06 Post subject: |
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| Any investment carries with it a risk in part. That is why you need to make sure everything goes as you plan, and that you make a good plan. Defaulting of such a large institution like any multinational bank really is, creates an unsustainable situation of massive debt and obligations called the debt bomb. Economical system of many countries and even of the world market would be in jeopardy in that situation. Fortunately, there are no signs of something like that happening any time soon. Best of luck. |
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