Friday, Feb 01, 2013

Now a Dutch bank falls over (yes, property related)

Reuters: Netherlands nationalizes SNS Reaal at cost of $5 billion

"SNS Reaal, the fourth-biggest financial institution in the Netherlands with about 134 billion euros in assets last year, was hit by losses at its property unit and has been trying for months to sell assets"

Posted by alan @ 03:19 PM (1114 views) Add Comment

1 Comment

1. libertas said...

And the DOW is over 14,000.

Something very odd is going on. Large banks going under, but the stock market is booming. Is this what happened in Wiemar Republic & Zimbabwe? Looking at gold, it seems coiled to boom upwards, signifying that this is all hot air.

Friday, February 1, 2013 11:42PM Report Comment
 

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