Friday, Aug 22, 2008
The ECB has to stop propping up banks
Credit Writedowns: The ECB has to stop propping up banks
This is not good for weaker global players like RBS or HBOS in particular. It also could affect Barclays. This is more of a Eurozone problem but it is a bad omen regarding liquidity for all European banks.
Is the ECB actually going to let banks fail?
Posted by edwardnh @ 02:32 AM (175 views) Add Comment
1 Comment
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1. renting2 said...
What a bunch of King Canutes. The inevitable is happening.