Is Another Credit Crises Around the Corner?

If you think the global outcry over the amount of liquidity being created by the Fed's $600 billion QE 2.0 asset buying program is reaching a fevered pitch, wait until the world finds out that this is just a drop in the bucket. Over the next 3 years, major banks around the world will need to refinance over $5 trillion - why? - because they are basically insolvent due to the mounds of toxic assets on their balance sheets. Where will the money come from, you guessed it, central banks around the world in the form of QE. Read about the looming credit crunch 2.0 in this Telegraph article here.