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Mapping The Global Contagion From Portugal's Systemic Banking Crisis
As multiple entities of one of Europe's largest banking dynasties rapidly crumble into bankruptcy, there are bound to be ramifications. With even the Portuguese President fearing Espirito Santo's systemic impact, we thought the following chart from Thomson Reuters would highlight the fact that is far more than just a Portugal thing... it has notable consequences for large businesses from Brazil to Mozambique.
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Ruh roh.
Raggy? Raggy??
br?
THE FLY IS EVERYWHERE!
http://www.youtube.com/watch?v=_kgNL1tYFvc&sns=em
Some people call it Ebola, some call it a derivative meltdown, some call it bankcrashes, I SAY IT'S THE FLY ON THE MOVE! EVERYTHING IS MELTING DOWN!
I'm gonna watch Cramer tonight to see what I should do. Buy Buy Buy. Does anyone know what Bear Stearns is priced at today?
Just go to www.lehmanbrothers.com and it's quoted on the first page under AIG which is their top pick.
BS... the US market loves it.
Well, now I understand. Just like financial regulators worldwide understand it. Just well enough to know that they can't cut anyone loose, not even some mid-sized banking conglomerate in Spain without unleasing worldwide financial contagion again.
Exactly.
Who wrote the interest rate swaps?
Who wrote the credit default swaps?
Who sold them and to whom did they sell them?
This is no small potatos! Well over a billion euros (actual) and who knows how much notional?
Right now, behind the scenes, these are "hot" potatos being tossed around!
http://youtu.be/MszbA0g5ab4
At least there is some nonzero probability of somebody in that money chain providing real services in a useful sector at some point, and the valuations are sub-billion.
Here we have farcebook with a 195B market cap.
How to leverage yourself into bankruptcy.
Like playing chess and yelling checkmate on yourself by moving your king to the front
How Paul Krugman Fudged Truth - Barron's
Don't Be Fooled by the Fed's Facade - Bloomberg View
These numbers are just rounding errors now. Janet could print these amounts during a lunching break, or when she's in a boring meeting - learning about price earnings ratios - she just fires up the "Printing App" on the iPhone and creates money for the relaxation effect (bloop bloop BLEEP 10B'z DING!! bloop bloop bloop BLEEP 20B'z DING!! )
this is a load of bullshit, all those nubers combined are less than the market cap gained today by the move in single stocks like AAPL.
Its only electrons.
This is peanuts.
Anybody knows who wrote swaps for protection and who bought them and what is their size?
Something like this, I'm looking for:
http://cdn.theatlantic.com/static/mt/assets/meganmcardle/banklinks.jpg
Exactly. I would like to see that, too. It may give clues as to who is the next domino.
Amateurs! The (Self-) Chosen Ones will show you how to leverage yourself to the top of the socioeconomic pyramid.
Been doing it for centuries, in all kinds of cultures. Insider/Tribal knowledge.
Hint: Control the levers of Money and Propaganda/Worldview, and the rest falls in place.
Yep, media ownership is just as big a part of it.
You can't get your groceries at the store without at least being exposed to "Kate Middleton blah blah blah.... ______ Kardashian blah blah blah". Thats what they have decided our culture's, our society's (!), top news is!
Good to see the ratings agencies ahead of the curve again, giving everyone the heads up in good time to... oh.
..them ..the regulators ...the accountants internal and external.. their risk control analysts
can't speak highly enough of all these useless crones
How much is that in sardines?
Chump change for the ECB. ;)