What is OmniNerd?

Welcome! OmniNerd's content is generated by you, the reader. Through voting and moderation we strive to highlight the nerdiest of what's around and provide content that's a little more thought provoking than other sites.

Submit New Content

Voting Booth

Is it possible that in the distant future, President George W. Bush, the 43rd president, might be viewed as one of the greatest American Presidents?

56 votes, 15 comments
0
Nerd-Its
+ -

RE: One banks is not the equal of another

Comment comment by VnutZ on 24 August 2007

Would banks in Asia and Russia be as powerful an institution as the German bank?

The classic answer, of course, is that it depends. Coming from a financial service advisory role, the critical factors aren't just how much money the bank has to throw around, etc. It's how trustworthy they are in terms of money-laundering, asset seizing, etc. You can have a bank with ass-tons of assets ... but would you trust their investment in you if there's a good chance they'll just seize your profits or use that loan as a noose for blackmail, etc. In that case, a European or American bank becomes infinitely more powerful than anything Russia can offer.

Star This to Save in Your Profile Favorite