Friday, August 22, 2008

The ECB has to stop propping up banks

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 (522 views)
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One thought on “The ECB has to stop propping up banks

  • What a bunch of King Canutes. The inevitable is happening.

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