News Forum - No ripple effect in Thailand from US banking crisis, says Finance Minister

[Thaiger]

Finance Minister Arkhom Termpittayapaisith insists that the recent troubles faced by some major banks in the United States have had no impact on Thailand so far. Arkhom added that the government is prepared to take action in case of any potential volatility that may arise from global markets. The comments were made in response to …

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[Ramanathan.P]

Well...there are few more US finance institutions in line that will be busted soon and US will keep printing more money to counter it as per in the past. 

[Grumpish]

4 minutes ago, Ramanathan.P said:

Well...there are few more US finance institutions in line that will be busted soon and US will keep printing more money to counter it as per in the past. 

Very likely. And who gets to sneeze when the banks catch cold? I understand the importance of the investment banking world in providing capital for businesses, but back to 2008, and earlier, feel that interests all round would have been best served by ring-fencing retail banking and allowing the investment banks that were in trouble to go under.