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OCT 15, 2013 - Zero Hedge

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ECB’s Draghi: Knowing Too Much About Our Big Banks Could Set Off A Panic

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter European banks, like all banks, have long been hermetically sealed black boxes. If someone managed to pry open just one tiny corner, the reek of asset putrefaction that billowed out was so strong that the corner would immediately be resealed. In cases where the corner didn’t get resealed fast enough and too much of the reek spread, the whole bank collapsed, only to be bailed out by taxpayers, often in other countries; it’s easier that way. The only thing known about the holes in the ... Read More

Tags: ECB’s Draghi: Knowing Too Much About Our Big Banks Could Set Off A Panic,  Eurozone Latest News