Central Banks face steep losses in their rescue operations - IMF and BIS

Ad Majorem.....Wealth Builders

Repost from Money News | May 16 2013

Central Banks all over the world did the right thing when they saved the world economy from failure but face potentially heavy losses.  BSP of PHL has all ready made such a report.  But such losses pose no direct danger to the economy.  Jaime Caruana, head of BIS (Bank of International Settlements - the central bank of central banks) warned CBs of winding down their support operations of economies