"The strucutre of Barclays bank and all those like it, is simply unstable. Not only that but the banks and the polticians they bought and paid for have, over the last twenty years deregulated and dismantled almost all the safeguards that might have given the banks any robustness when it came to absorbing losses. The size of Barclays bank’s internal reserve (capital base) relative to the flows of assets and liabilities which run through it, make it shockingly unable to deal with fluctuations or shocks in flows of money in and out. In short the bank is structurally at enormous risk of failure – all the time.
"The obvious questions are why global banks like this? How did they get like this? And who let them? Sadly, the answers only make things worse."