I am not a paid "scaremonger" and object to any comments suggesting that.
All I'm trying to show is that leverage is high in European banks - this isn't intrinsically bad, but is worth noting... Now, the assets being leveraged absolutely matter, but the idea that a bank won't have problems because it has been around forever is not logical - see also: Barings, mid-1700s to 1995.
Fortis Fails: Who's Next? [View article]
All I'm trying to show is that leverage is high in European banks - this isn't intrinsically bad, but is worth noting... Now, the assets being leveraged absolutely matter, but the idea that a bank won't have problems because it has been around forever is not logical - see also: Barings, mid-1700s to 1995.