I don't thin k the population issue will be resolved until the inevitable war between China and India for economic dominance takes place. Sometime over the next 50 years I would imagine some significant culling taking place across the Himalayan divide.
Do you really think that either the banks internal risk mitigation teams, and the external regulatory bodies would ignore all those lessons fron 2007/8??......Let me tell you, they aren't, and I speak from the middle if one of the biggest UK banks.
955bn total exposure, now back to a touch over 500bn......only 125bn in cash.....now especially Lloyd's, those investments are now worth more than the original purchase price...its all going in the right direction.
Albumen says
"Yes we should be bailing out banks instead. At least India are doing something useful with our money."
Difference being, all the bank bailout money 1) saved the economy and financial infrastructure of the country, and 2) is being paid back in huge chunks, with interest......see...