The Germans, Italians, French... Most Of Western Europe On The Brink Of Bank Collapse!

Reggie Middleton's picture

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Wed, 09/14/2011 - 03:04 | 1666837 chinawholesaler
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Sun, 09/11/2011 - 09:17 | 1655950 aleph0
aleph0's picture

Hey Reggie,

maybe they're going to use ( what's left of ) the German Pension Funds to bailout the banks :

Schäuble is (provisionally) calculating a new "Retirement Age"  : 69


I wish he'd do the calculation for 73 , it makes the swindle so much easier to understand !

Fri, 09/09/2011 - 19:24 | 1652892 Itinerant
Itinerant's picture

It's the mother lode, something completely different than mother load.

Fri, 09/09/2011 - 14:56 | 1651983 how to trade ar...
how to trade armageddon's picture

I'm wondering Reggie what's your take on this oft-quoted number that Eurobanks had already completed 80% of this year's funding by July. Sounds to me like something some sell-side guy who doesn't know jack just made up. Why would 80% roll over in the first seven months of the year. Maybe what actually happened was they accelerated short-term borrowing in Jan-July to compensate for lack of longer-term offers and deposits? And now ...

Fri, 09/09/2011 - 14:33 | 1651870 bankruptcylawyer
bankruptcylawyer's picture

reggie you da man.

i only hope youre getting rich off this.


are you supporting obama or ron paul? 

Fri, 09/09/2011 - 15:41 | 1652186 g
g's picture

a most excellent question, do tell

Sat, 09/10/2011 - 01:02 | 1653719 Zero Govt
Zero Govt's picture

any person 'supporting' a politician is a bit like a moron following a retard ...the 50% of voters that vote are actually borderline delusional-insane, the ones that don't vote "because it makes no difference" are correct (realists)

Fri, 09/09/2011 - 14:30 | 1651855 sun tzu
sun tzu's picture

The US banks were close to collapse until Timmy and Benny rode in to the rescue with taxpayer funds and inflationary policies. The same will happen in Europa

Fri, 09/09/2011 - 13:34 | 1651564 bugs_
bugs_'s picture

Them first!

Fri, 09/09/2011 - 13:29 | 1651540 Zenster
Zenster's picture

Thanks for the article.

Fri, 09/09/2011 - 13:11 | 1651473 gookempucky
gookempucky's picture

Geithner should be REGGIES BITCH period---get my coffee son and just one cube of sugar...oh and take the trash out while your at it.

Fri, 09/09/2011 - 13:45 | 1651626 sodbuster
sodbuster's picture

Then Timmay would be sitting out on the curb!!

Fri, 09/09/2011 - 12:57 | 1651411 anony
anony's picture

Anyone who has actually visited European countries who comes away with the notion that Europeans are anything but near Third World status has had too much wine.

I haven't seen such sad looking people since my last trip to Detroit, Compton and Harlem. These are susbsistence only countries, forget success, progress, and wealth for anyone but the top skinteenth.

Fri, 09/09/2011 - 13:42 | 1651605 Reggie Middleton
Reggie Middleton's picture

Harlem has more millionaires within its confines than at any time in its history due to gentrification (socio-economic, not racial). Take a trip to Red Rooster off of 125th and Lennox, where the Obama family dined a few months ago and look at the upper middle class, highly educated, pretty people crowd that you didn't know you were speaking of.

Fri, 09/09/2011 - 14:28 | 1651847 sun tzu
sun tzu's picture

I'm sure some parts of Harlem have gotten better due to gentrification. The same can be said of areas in Brooklyn. It is still generally an impoverished area compared to the rest of New York

Fri, 09/09/2011 - 15:05 | 1652008 Reggie Middleton
Reggie Middleton's picture

Brooklyn contains some of the most upscale portions of the NY metro area. I live in a part of Brooklyn where 5,000 to 12,000 sq. foot, landmarked (100 yr old and up) mansions are the norm, not the exception. There are many parts such as this, Park Slope, Brooklyn Heights, etc.

Below is a listing of two townhouses in Brooklyn, the first is Brooklyn Heights, which has been upscale for several decades, the second is Fort Greene which was considered by many to be a veritable ghetto just 25 years ago.


Brooklyn Heights
69 Willow Street Info | Photos | Floorplan  Townhouse 5,800     $5,750,000
Fort Greene
181 Washington Park Info | Photos | Floorplan  Townhouse 4,400   5 floors $3,450,000

These are townhouses (brownstones) that require phycial maintenance plus all the trappings that go along with home ownership. Many consider this level of home ownership wealthy, and this is the face of much of Brooklyn, where many Manhattanites go when they have more than one child.

Those of you who adhere to ideas of what's going on versus what is actually going on will get hurt, whether it be real estate, banks, Global macro issues or even the mobile tech wars. Adhere to the facts, all of the time.

Fri, 09/09/2011 - 14:51 | 1651953 how to trade ar...
how to trade armageddon's picture

No, there's no way you could call today's Harlem "impoverished". Property values are obviously less than lower Manhattan but well higher than NYC average. Incomes are probably about in line with NYC average, with a very wide range within Harlem itself. These days the NYC disaster zones are well out of Manhattan and mostly out of NYC itself, in places like Hempstead and Newark.

Fri, 09/09/2011 - 14:25 | 1651812 ReactionToClose...
ReactionToClosedMinds's picture

am another 'close to subscribing' person (issue: have other subscriptions already ... gonna have to stop something else there is the foot drag) Go read bio of Andrew Mellon (quite good on multiple fronts ... e.g., art market, AM's clearly precocious financial astuteness & biz sense especially new trans-formative technologies/biz models ... rarely went to public markets interestingly - did not want to reveal anything) Point: after Fall 2008 realized 'this time is different' so went on panic read: many deep econ tracts, treatises, classics (strongly recommend J Schumpeter), historical analyses. But the Mellon bio gave me best timeline feel of the ripe instability from 1929 market crash which did not cause great depression to waiting slow roll of Creditstaldt collapse in August 1931 (Summer?) due to French/Brit fears Germany & Austria were about to enter into (verboten by Versailles Treaty) customs union ..... slow domino tumble started ... all Euro land banks went down then spread to USA banks as gold was king ...for awhile countries dropped gold standard to stop gold redemption which US ultimately forced to do You should study this in detail (Summer 1931 through end of 1931 60 day bank run around December that started Depression ... the comparison to present is too eerie to articulate here .... different circumstances and specific dynamics ... but broad comparable dynamics at work then and now

Fri, 09/09/2011 - 14:10 | 1651742 MFL8240
MFL8240's picture

You go, I'll pass!

Fri, 09/09/2011 - 14:27 | 1651839 Are you kidding
Are you kidding's picture

I gotta  Blacks with doesn't change what's inside.  It's the last place I'd want to eat in NY.  Sorry...but we don't want you around.

Fri, 09/09/2011 - 13:33 | 1651562 Cui Bono
Cui Bono's picture

I don;t know who booked your vacation package but you gotta fire those bitchez....

Fri, 09/09/2011 - 14:17 | 1651781 andybev01
andybev01's picture

Thank you for the laugh!

Fri, 09/09/2011 - 12:50 | 1651375 Nozza
Nozza's picture

Thanks Reggie

Alway good to read your insightful and detailed posts here



Fri, 09/09/2011 - 12:46 | 1651351 Manco
Manco's picture

Thanks for telling it like it is Reggie!

Fri, 09/09/2011 - 12:45 | 1651344 nah
nah's picture


Fri, 09/09/2011 - 12:51 | 1651378 lynnybee
lynnybee's picture

I can't rest, I WON'T REST until that s.o.b. ROBERT RUBIN is behind bars .

Fri, 09/09/2011 - 12:58 | 1651419 anony
anony's picture

Then plan on a lifetime of staying awake.

The jews of Wall Street are Untouchable.

Fri, 09/09/2011 - 12:41 | 1651325 Moe Howard
Moe Howard's picture

Thanks for the article.

Fri, 09/09/2011 - 12:39 | 1651306 the not so migh...
the not so mighty maximiza's picture

gotta start thinking in positive terms, its not collapsing its being reborn.

Fri, 09/09/2011 - 12:43 | 1651333 Silver Dreamer
Silver Dreamer's picture

Born or reborn, it is quite painful.

Fri, 09/09/2011 - 12:38 | 1651304 zorba THE GREEK
zorba THE GREEK's picture

In the long run, it is better for both the EMU and Greece for Greece to fail now

and for European banks to be recapitalized. Debt problems can never be solved

by more debt.

Fri, 09/09/2011 - 12:35 | 1651295 Robslob
Robslob's picture



Stingy bastards...seems like we are all going to have to be stingy for awhile Reggie


As always...Fantastic research and follow through...yes, I may even subscribe!

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