Piramida finan sowa zbankrutowała siebie i innych
/ 178.36.3.* / 2011-08-30 16:22
Kryzys coraz większy, banki siedą na kupie strat, których nie wyceniają wg ich wartości rynkowej, tylko księgowej, robiac dobrą minę do złej gry. Dlatego na rynku nie chcą sobie pożyczać wzajemnie...
Twenty months into the euro-zone's sovereign-debt crisis, this ought to be obvious. The main reason that the specter of an unruly default keeps policy makers up at night is its likely consequences for Europe's banks, whose balance sheets hold some 45% of Europe's government bonds. Repeated stress tests by bank regulators have ignored the vast majority of those bonds that are held to maturity.
This flatters bank balance sheets by pretending that a sovereign default in Europe is impossible, but it has done nothing to increase investor confidence. The recent volatility in bank stocks and the trouble some European banks have faced getting all but the shortest-term financing in the private markets underline the skittishness.