Friday, 23 January 2009

The Banks - Bust Since When!?

Very interesting piece of analysis on the Banks published by Bedlam Asset Management here. This is Bedlams most recent investment bulletin, you can ignore the writing and just look at the table if you like.
Basically, the Banks are bust.
Since their launch in 2002 Bedlam have said that they have never owned a western bank share.
If Bedlam knew these ratios, and knew the problem (a problem I also suspected), why did this not occur to the bloody gummint and it's provisional wing the FSA?
The words 'swords' and 'falling on now' spring to mind as to how the FSA and gummint should behave. How likely is that? Not very.

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