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