Comments on: Are European Banks in Trouble? http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble.html Mon, 23 Nov 2009 08:18:14 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: anewc2 http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble.html#comment-5496 anewc2 Thu, 20 Mar 2008 12:57:00 +0000 http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble/#comment-5496 <i>very low probability fat tail</i><br/><br/>This phrase is an oxymoron -- fat tails are fat because they <b>don't</b> have a very low probability. very low probability fat tail

This phrase is an oxymoron — fat tails are fat because they don’t have a very low probability.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble.html#comment-5493 Anonymous Thu, 20 Mar 2008 10:44:00 +0000 http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble/#comment-5493 There's been no bail-out for Spanish banks. Although there's been a spike in ECB lending to Spanish banks, due to the global strains, ECB lending to Spanish banks is lower than it should (lower than Spain's contribution to eurozone GDP).<br/><br/>Spain's banks are robust. They lent the money they had, no leverage. There’s been no bail-out for Spanish banks. Although there’s been a spike in ECB lending to Spanish banks, due to the global strains, ECB lending to Spanish banks is lower than it should (lower than Spain’s contribution to eurozone GDP).

Spain’s banks are robust. They lent the money they had, no leverage.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble.html#comment-5483 Anonymous Thu, 20 Mar 2008 01:59:00 +0000 http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble/#comment-5483 Actually the ECB started bailing out the Spanish and German banks the week before Christmas. One number bandied about at the time was $500B worth of help. <br/><br/>Lots of EURO banks dumping their toxic waste on the ECB's balance sheet. Actually the ECB started bailing out the Spanish and German banks the week before Christmas. One number bandied about at the time was $500B worth of help.

Lots of EURO banks dumping their toxic waste on the ECB’s balance sheet.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble.html#comment-5480 Anonymous Thu, 20 Mar 2008 00:59:00 +0000 http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble/#comment-5480 So UK and Swiss banks are in trouble? Ok, but what does that have to do with the euro? Spanish banks are strong, French and Italian banks are not half as troubled as their American counterparts, only some German banks may have some surprises down the road.<br/><br/>Europe is diverse! So UK and Swiss banks are in trouble? Ok, but what does that have to do with the euro? Spanish banks are strong, French and Italian banks are not half as troubled as their American counterparts, only some German banks may have some surprises down the road.

Europe is diverse!

]]> By: a http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble.html#comment-5472 a Wed, 19 Mar 2008 20:24:00 +0000 http://www.nakedcapitalism.com/2008/03/are-european-banks-in-trouble/#comment-5472 Just to add that a train wreck at UBS would be the responsibility of the Swiss, not the Americans - have the Swiss ever bailed out a bank with public funds before? Just to add that a train wreck at UBS would be the responsibility of the Swiss, not the Americans – have the Swiss ever bailed out a bank with public funds before?

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