European Banks Frantically Trying To Dump $7 Trillion Of Crap Assets -- But No One Will Buy ThemMessage Body
http://www.businessinsider.com/european-banks-frantically-trying-to-dump-7-trillion-of-crap-assets-but-no-one-will-buy-them-2011-11
“European banks have spent far too long saying everything is fine, when it really isn’t,” said one banker at a US bank who has been advising European clients on their options. “They are slowly realising that they just won’t be able to do what the market is expecting. We are edging slowly closer to the depths of the crisis.”
http://www.ifre.com/european-banks-asset-sales-face-disastrous-failure/1617239.article
Saturday, 26 November 2011
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