The Putrid Smell Suddenly Emanating From European Banks

By now we should have gotten used to the odor emanating from banks—bailouts, money laundering, Libor rate-rigging, the other misdeeds. But in Europe over the last few days, it was particularly dense. “In this uncertain world, I cannot exclude anything,” said Deutsche Bank co-CEO reassuringly.

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3 comments on “The Putrid Smell Suddenly Emanating From European Banks
  1. Sirial says:

    Disgusting! It is interesting to feel my reaction to news like this is very closely related to the feeling of disgust I would feel when I would smell a dead maggot ridden hedgehog by the roadside.

  2. Danny Cunnington says:

    @Wolf, Nice piece on the on-going mess declared as “crisis solved”. Quite frankly I’m amazed that this whole rotten edifice hasn’t collapsed already.

  3. Paolo says:

    The leverage levels at credit agricole, deutsche bank and commerzbank are bound to come more to center stage, arent they! I mean, isnt that the bottom line??!!

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