BNP Paribas leveraged 27:1; Société Générale Leveraged 50:1; Sorry State of Affairs of U.S. Banks; Global Financial System is Bankrupt

"BNP Paribas leveraged 27:1

Jean-Pierre Chevallier reports on his Business économiste monétariste béhavioriste blog, that BNP Paribas leveraged: 27!.

The real leverage of BNP Paribas is … 27.2!

Indeed, the French bank counts in its equity item 2: Undated Super Subordinated Notes eligible as Tier 1 capital which are actually a form of liabilities related interests subject to some conditions.

Chevallier posts a series of graphs taken from consolidated financial statements to support his claim.

Société Générale Leveraged 50:1
Yesterday Chevallier reported Société Générale leveraged: 50!

The real leverage of Société Générale is… 50!..."

at  http://globaleconomicanalysis.blogspot.com/2011/08/bnp-paribas-leveraged-271-societe.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29