Wednesday, May 19, 2010
And guess what?
The Telegraph: Germany's 'desperate' short ban triggers capital flight to Switzerland
A year ago, Germany's financial regulator BaFin warned that the toxic debts of the country's banks would blow up "like a grenade" once hidden losses from the credit crisis caught up with them.
Posted by devo @ 10:10 PM (476 views) Add Comment
1 Comment
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1. devo said...
"The market is left asking what skeletons are lurking in the cupboard," said Marc Ostwald from Monument Securities.
I know of about a quadrillion dollars worth of skeletons
zero sum
yawn