The Greek Deal is Pointless... European Banks Need TRILLIONS in New Capital

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Thu, 10/27/2011 - 17:55 | 1818832 deebee
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timing is a bitch!

Thu, 10/27/2011 - 15:36 | 1818383 IQ 145
IQ 145's picture

Just imagine how broke you'd be if you actually listened to this one note band. I'm up $9,000 a contract on my Long Bond Short from 144.25 put on on Oct. 3thd; and anounced here. Join the party; the Bonds have a long ways to go; down. And that's the way they're headed, folks.

Thu, 10/27/2011 - 15:20 | 1818317 AcidRastaHead
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Good points.  I only wish there was a guide available to show me how to make money in a crisis.

Thu, 10/27/2011 - 15:37 | 1818385 StrangerThanFiction
StrangerThanFiction's picture

There is, start selling popcorn.

Thu, 10/27/2011 - 15:17 | 1818305 spartan117
spartan117's picture

They just kicked the can down the road.  I agree we are doomed, but it's not going to happen next month.  That is why I don't trade, and especially don't short. 

Thu, 10/27/2011 - 15:10 | 1818278 Reese Bobby
Reese Bobby's picture

"...you ain't seen nothin' 'til you're down on a muffin."

Thu, 10/27/2011 - 14:46 | 1818173 aleph0
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The EFSF "leverage" was explained to the German public on TV last night :

Private Investors (China) are supposed to lend the EU money and get a 20% insurance on a possible loss.
OK, now it's apparently 25% , but still.

Can someone here tell me if I've got it wrong .. or is that really the deal ?
TIA

Thu, 10/27/2011 - 14:38 | 1818132 b_thunder
b_thunder's picture

46T in assets with 26:1 leverage  means they have 1.7T in catital.

In order to bring ration to 13:1, they need to double CAPITAL from 1.7 to 3.4T

That's NOT 21T!  Check your math...

 

Thu, 10/27/2011 - 16:01 | 1818486 Randall Cabot
Randall Cabot's picture

Where do you see 21T?

Thu, 10/27/2011 - 14:17 | 1818062 long_and_short
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this will resurface some time in Q1 2012 for now its Risk On !!

Thu, 10/27/2011 - 14:10 | 1818038 virgilcaine
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More restaurant reviews please.

Thu, 10/27/2011 - 13:54 | 1817989 St. Deluise
St. Deluise's picture

yes, they're going to need much more money.

where are they going to get that money?

what will that do the purchasing power of the money already in exsistence?

now, and here's the important one,

what will that do to assets priced in that currency?

Thu, 10/27/2011 - 15:57 | 1818463 Mountainview
Mountainview's picture

Is the deal relly done! I mean, who decided in the name of "the banks"?

Thu, 10/27/2011 - 13:41 | 1817905 FunkyMonkeyBoy
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Graham,

How's that 'proven' crash indicator of yours, that's been flashing red all October, hanging!?

Thu, 10/27/2011 - 13:35 | 1817884 pupton
pupton's picture

"On that note..."  hehehehe.  Actually it was decent info this time, but still not buying your damn newsletter.

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