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Saronno
1 Comment
The Big Whoosh: Is This The Beginning? [view article]
The only thing can solve this situation is to force banks to declare completely their losses. Europe is moving in this direction. It's not a problem about liquidity, it is a problem about trust. You can't deal with anyone because you don't know if it can repay his obligations.Bernanke asks for the opposite. This is absurd!
Mar 15 05:50 PM