December 21, 2016
??Italian Bank Rescue??
Dear Friends, Smoke and mirrors again. In the end, the Italian banks will be saved, if at all, by wiping out creditors and equity holders. Many of the creditors are…
Posts filed under European Central Bank
July 29, 2016
European Banking (Portugal)
With one exception all of the Portuguese banks including Caixa Geral, the government owned bank, are technically bankrupt and insolvent.
Asher Edelman 