humahuaca: All of the big euro banks are effectively bankrupt, everyone knows that. That's why they were given 600 B euros so as not to have to raise

humahuaca: any capital for the next 1 to 3 years. If they don't have to panic sell anything they don't have to mark to market (I believe). Can kicked.

humahuaca: I think most people look at the euro banks as being 1 small step from being nationalized anyway.

humahuaca: DaLatin: all those people who were screaming about the ISDA being fraudulent should be barred from jury duty, imo. They would have the

humahuaca: verdict before the crime was even committed.

humahuaca: you misunderstand me. I'm saying their was no default/restructuring until today, so obviously they couldn't rule on it. If you read any of

humahuaca: their press releases they made it clear they would only rule AFTER the event took place, which only makes sense. They also hinted pretty

humahuaca: clearly that CACs would mean a credit event. But no one read what they actually said. they just listened to the fearmongers.