Monday, October 6, 2008

European Banks

In regards to my earlier post about leverage in European banks, this is a quick and more accurate follow-up:
http://paul.kedrosky.com/WindowsLiveWriter/HowtheU.S.SavedtheEuropeanBankingSystem_A0F5/leverage_2.png

I say more accurate, because its not my own :) Even Iceland has nationalized one of their biggest banks.

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