No one knows the scale of any player's existing liabilities
No one knows the scale of any player's existing liabilities.
Immediately related elementsHow this works
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The Global Financial Crisis »The Global Financial Crisis
Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
Sudden evaporation of market confidence/trust »Sudden evaporation of market confidence/trust
No one knows the scale of any player's existing liabilities
Concern some institutions may be concealing massive losses »Concern some institutions may be concealing massive losses
Concern some may not even know scale of own losses »Concern some may not even know scale of own losses
Absence of transparency means unknown liabilities and mistrust »Absence of transparency means unknown liabilities and mistrust
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