As the Asian real estate values collapse, it will act to bring down the extremely over-levered global banking system, Credit Suisse is just one example of things to come as we head into ' The Biggest Mother of All Credit Crunches' - ever!
BTW - Canadian Banks are near the top of the list given their crazy realty- bubble lending, since 2008. What next\? To start, massive consolidation and very heavy government interventions in the financial sector. This onslaught will also soon spill over into the stock and financial markets with dreadful implications.
Here we go Again!
