american economy
TRANSCRIPT
A brief slidecast presentation
AMERICAN ECONOMY
ContentArticles
Failed banks in the USUS private equity group plans UK ´super
mutual`HBOS played leading role in loans to US
gambling industryConclusion
Future prophecies
Failed banks in the US138 US banks failed this year
US housing crisis
$ 630 bn assets$2,000 for every man, woman and child in
the USAssets
The money that people owe to the bank (mortgage)
Failed banks in the US: worst affectedGeorgia:
46 banks since 2008Florida:
43 banks since 2008
US P.E.G. plans UK´super mutual`
Mutual fund
$ from investor
A
$ from investor
D
$ from investor
C
$ from investor
B
Private Equity groupJC Flowers
Super mutualLondon stock marketFree shares for membersOverall control
Capital infusion Perfect solution
Hbos loans $ 18.4bn to Us gambling industry
Halifax bank of ScotlandLloyds Banking Group
US casino industryPeak credit crisisHit hardest
Loss$500m>10m
Future prophecies
Minor recession
Unsteady economy
Domino effect