Santander PROBLEMS !!

[AtW]

Doesn't seem to have had any positive effects in the USA.

That's because they thought they were clever and they resold junk morgages and then took insurance or what not, so they assumed they were sorted in event of default, apart from when defaults become so numerous that the whole house of cards collapses.

Debt ratios should be put under strict regulation and also leverages should be strictly controlled meaning nobody should be able to use £10 to effectively operate £100.