nvm
- Thread starter xarthaz
- Start date
salty mud
Deity
Plant a forest of these = crisis over.
Lillefix
I'm serious. You can.
- Joined
- Dec 1, 2003
- Messages
- 5,699
This is like global warming. When you increase the magnitude of the problem to these kinds of proportions it stops being shocking and simply becomes unbelievable.
I'm not claiming that the OP isn't correct, I'm just saying it's ridicouls.
I'm not claiming that the OP isn't correct, I'm just saying it's ridicouls.
why not just have a recession?
we don't even know if a bailout will work or just simply delay a future inevitable and more painful collapse. the thing with bubbles is that they need to burst. reinflating them does nobody any good.
we don't even know if a bailout will work or just simply delay a future inevitable and more painful collapse. the thing with bubbles is that they need to burst. reinflating them does nobody any good.
Mowque
Hypermodernist
^---- Amadeus made me 
Mise
isle of lucy
EU GDP is $19,000,000,000,000, just so you know.
"The original February 11 story was a shocker. The author claims to have seen a secret European Commission report. The report estimates that losses (write-downs) by European banks will be in the range of $25 trillion."
"The original February 11 story was a shocker. The author claims to have seen a secret European Commission report. The report estimates that losses (write-downs) by European banks will be in the range of $25 trillion."
Abaddon
Deity
to amadeus. Very funny.
The number probably was deleted from the story because it was false.
So some writer saw a "secret report" stating an estimate that impaired assets "may amount" to 44% of EU bank balance sheets.
Also, "impaired assets," are not "assets that are worth nothing."
For example, even among the worst performing sub-prime securities, i believe 90% of the loans are still working properly, aka people are still paying their mortgage.
So some writer saw a "secret report" stating an estimate that impaired assets "may amount" to 44% of EU bank balance sheets.
Also, "impaired assets," are not "assets that are worth nothing."
For example, even among the worst performing sub-prime securities, i believe 90% of the loans are still working properly, aka people are still paying their mortgage.
Masquerouge
Deity
Yeah, dunno much about that link quoted in the OP.
It is certain than the UK banks are in trouble, but French banks, for example, are not.
So I won't commit to anything until I get more valid information.
It is certain than the UK banks are in trouble, but French banks, for example, are not.
So I won't commit to anything until I get more valid information.
War Profiteer
Chieftain
So, France is skating by with minimal damage to its economy?
There you go. Keep the change.
This thread is official 100% OVER
BirraImperial
Pura Vida!
Masquerouge
Deity
No, French banks are.
Desmond Hawkins
Deity
- Joined
- Aug 8, 2002
- Messages
- 9,922
Canadian banks are among the strongest in the world, due to the good banking regulations put in by the Liberals in the 90s.
warpus
In pork I trust
Yeah, lewrockwell.com, I'm going to listen to that guy.
Luckymoose
The World is Mine
What happened to all their money? How in the hell did they get 25 trillion under?
I say we just erase all debt and start over, that is the only way to fix this.
I say we just erase all debt and start over, that is the only way to fix this.
