You can also just put in the URL as a address, I confess I do that myself sometimes in comments when I am in a lazy mood or in a rush to get another post out.

That would explain the emergency action today, then, right?

See for example this link
How capitalism killed democracy

http://tinyurl.com/unicredit

posted by WILLIAM GREIDER on 07/14/2008

Phil Gramm, the senator-banker who until recently advised John McCain’s campaign, did get it right about a “nation of whiners,” but he misidentified the faint-hearted. It’s not the people or even the politicians. It is Wall Street–the financial titans and big-money bankers, the most important investors and worldwide creditors who are scared witless by events.

http://www.cambridge.org/catalogue/catalogue.asp?isbn=0521365376

UniCredit Trading Halted Because of Rumors
http://www.nytimes.com/2008/10/0…=rssnyt& emc=rss

The giant Italian and pan-European lender UniCredit declared Wednesday that it was well capitalized and was being damaged by market speculation as its shares were suspended from trading in Milan.

In a statement that had been requested by regulators after recent stock declines, the bank said that it would sell some property assets to raise its capital ratio.

The Italian stock exchange operator, Borsa Italiana, suspended trading in the shares early Wednesday after they opened sharply lower. They had fallen 22 percent this week. Trading of the shares was suspended Wednesday after they fell 1.8 percent.

UniCredit owns HypoVereinsbank of Germany and Bank Austria as well as a lender in Poland. A collapse of UniCredit would raise questions about the structure of a bailout that involved multiple divisions in different countries. The rescues this week of Fortis, Dexia, Hypo Real Estate of Germany and Bradford & Bingley in Britain were relatively simple, as they had mainly exposure in their local markets.

“In the current environment, contagion can spread so quickly,” said Matthieu Giuliani, a fund manager at Palatine Asset Management in Paris. He said speculators might be focusing on UniCredit because of its aggressive expansion policy in recent years and its pan-European nature.

UniCredit, which is the biggest Italian bank by assets, said Wednesday that it would spin off the real estate holdings to raise its core Tier I capital ratio, a measure of financial strength, to 6.2 percent by the end of the year — an increase of 0.27 of a percentage point.

I’m still waiting for the plan that forces consumers to start spending, other than on food and normal monthly bills.

In these banking systems, the consumer must request more credits than they did the previous months thus allowing banks to show growth.