RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 24/06/11

RANSquawk Video's picture

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hugovanderbubble's picture

Italian banks halted

UniCredit's actions SPA, Intense Sanpaolo, Banking Popolare I gave Milan and UBI Bancia, they have been suspended from price by the high volatility that they were presenting.

hugovanderbubble's picture

In case of default:

French Banks will Crash

In case of soft reprofiling debt scheme; CDS will lost any legal value and GS and JPM will Crash,

Play both sides..

Who gonna win...Of course Federal Reserve Banks so Greece will Exit Euro and present a default. So French Bank will crash my humble opinion

So this will not be a credit Event

CDS market will dissapear o not...

Bohemian Clubber's picture

did you say 'crash'? LOL keep on dreaming

hugovanderbubble's picture

UBI bank = DEFAULTs trading below TERP (Basel Rulez unaccomplished)


 Italian Bank will need IMF help

Bohemian Clubber's picture

So what ? haha you think they won't accept IMF money ?

Bohemian Clubber's picture

I will see what? It has been 3 years I look at this shit every day. Do you think they will let GS, JPM and the french banks crash like that ? come back to earth hombre, they will resort to anything before letting that happen, using free taxpayer money being the easiest path

Cassandra Syndrome's picture


Some opposition to the austerity plan appearing within G-Pap's Socialist cum Neo Liberal Party.