"What they have in common is all have recently predicted a massive unraveling of the US financial 'system' within a few weeks. It is not as if this prediction or being on the verge of a meltdown is something new. The financial system has come apart several times in the past year but the Fed has always stepped in with something that has caused the markets to calm down (on the surface) and stocks to rally. Bonds, however, have never responded quite in the manner of stock market participants ..."
Saturday, June 28, 2008
Bank against bank
What do Fleck, Fortis, RBS and Barclays have in common? An interesting obsversation from ML-implode; the banks are getting gloomy about banking sector prospects.
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