"Possibly the most significant consequence of the EU bailouts last week will be that the “solutions” to the problems in Europe will result in a global credit crunch
To me this outcome is a foregone conclusion. It's already happening.
The agreements give the EU banks till June 2012 to recapitalize.
There are only two possible outcomes. (A) Either the banks sell more common and preferred shares to the public, or (B) they improve their capital ratios by de-leveraging..."
at http://brucekrasting.blogspot.com/2011/10/crunch-time.html#ixzz1cO5K6Pix
To me this outcome is a foregone conclusion. It's already happening.
The agreements give the EU banks till June 2012 to recapitalize.
There are only two possible outcomes. (A) Either the banks sell more common and preferred shares to the public, or (B) they improve their capital ratios by de-leveraging..."
at http://brucekrasting.blogspot.com/2011/10/crunch-time.html#ixzz1cO5K6Pix
