Looks like Communist/Capitalist China (CCC) is riding in as a white knight to the rescue of the dastardly Europeans!
See Links ---
http://www.cnn.com/2011/10/28/world/asia/china-bailout-regling/
http://www.ft.com/home/us
Maybe the Chinese will bail out the FED as well:
http://www.zerohedge.com/contributed/guess-who%E2%80%99s-even-more-leveraged-european-banks
According to its own audit the Fed is levered about 53/1 while US banks are about 13/1 levered and European banks running on average at about 33/1.
No comments:
Post a Comment