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The Real story about US banks is not the "real" story.EU and US banks are truely one with off balancesheet liabilities.

http://www.zerohedge.com/ 


Many smart people who manage big dollars are betting on bank contagion from; both sides of the pond to implode the system.When German Bunds drop sharply The Italian rates soar and the PIIGS,plus other small EU countries seeing rate shocks the odds are moving towards a major event................................................pok