We Are In A Worse Situation Than We Were In 2008

“We are in a worse situation than we were in 2008. This time around we have fiscal austerity and banks that are being cautious.” - in CNBC Related: Bank Of America (BAC), Citigroup (C), Wells Fargo (WFC), J.P. Morgan (JPM), Banco Santander (STD), Barclays Bank, Deutsche Bank, Credit Agricole, Societe Generale