For over 5,000 years, by definition, the bankers lend money they do not have but that they have previously borrowed. To be able to borrow money to lend, trust must exist between the partners. For this, the bankers should have plenty of capital. This is necessary, unavoidable. For millennia, the bankers could not lend much [...]
Mots-clés: actions, analyse financière, Bâle III, banques, bourse, capitaux propres, Club Med, dettes, endettement, Etats-Unis, Fed, Gos banques, Greenspan, leverage, PIGS, principle of double entry bookkeeping, ratio, Société Générale, Tier, µ