Business
Bitcoin’s record breaking run poses new questions – The Australian Financial Review
Bitcoin’s record run to $US52,577 on Thursday on the back of global zero interest rate policies means its ascent has outpaced regulators and creates new systemic…
Back then the practice of subprime lending and repackaging of bad debts to be on-sold alongside other toxic derivatives grew out of control before a lack of confidence among the banks in each others balance sheets froze credit markets, brought down Lehman Brothers and handed the public mass unemployment and a global recession.
Under political pressure during the GFC governments were unsurprisingly reluctant to bail out bankers over fears it would be unpopular with voters, but the healthcare crisis…
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