bmichaud Posted December 21, 2011 Share Posted December 21, 2011 http://www.cnbc.com/id/45748250 Well it now appears the entire European banking system is on ECB support. Sovereign bond holders are enjoying the warm fuzzy blanket of hope that institutions leveraged 40 to 1 will bail them out by sending the: Italian 10 year yield up 3.41% Italian 2 year yield up 5.57% Spanish 10 year yield up 3.88% Spanish 2 year yield up 6.5% Let's continue to fight debt with debt and impose harsh austerity in the middle of a recession. Beautiful. Link to comment Share on other sites More sharing options...
moore_capital54 Posted December 23, 2011 Share Posted December 23, 2011 http://www.cnbc.com/id/45748250 Well it now appears the entire European banking system is on ECB support. Sovereign bond holders are enjoying the warm fuzzy blanket of hope that institutions leveraged 40 to 1 will bail them out by sending the: Italian 10 year yield up 3.41% Italian 2 year yield up 5.57% Spanish 10 year yield up 3.88% Spanish 2 year yield up 6.5% Let's continue to fight debt with debt and impose harsh austerity in the middle of a recession. Beautiful. Please name the institution(s) that are leveraged 40 to 1? Link to comment Share on other sites More sharing options...
bmichaud Posted December 23, 2011 Author Share Posted December 23, 2011 Dexia Link to comment Share on other sites More sharing options...
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