EBA Releases Details Of €106 Billion Bank Capital Shortfall

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Wed, 10/26/2011 - 18:18 | 1814419 jfichthorn
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Seems hard to believe 106 Bln Eur is the funding gap when Dexia alone needs 100...

Wed, 10/26/2011 - 18:50 | 1814559 Bunga Bunga
Bunga Bunga's picture

dial 9% CT1 and 60% greeek haircut:


It's closer to 240 Billion Euro.

Wed, 10/26/2011 - 18:19 | 1814423 The4thStooge
The4thStooge's picture

Yeah but plenty of algos will fall for it.

Wed, 10/26/2011 - 18:24 | 1814443 jcaz
jcaz's picture

France is trying to claim only $8.8B???

What- PER BANK???


Wed, 10/26/2011 - 18:54 | 1814571 machineh
machineh's picture

Maybe the units are supposed to be 'ounces of gold,' not euros or dollars.

Wed, 10/26/2011 - 21:14 | 1815147 Buck Johnson
Buck Johnson's picture

If that was the case, they wouldn't be so gungho in trying to bailout Greece.

Wed, 10/26/2011 - 18:28 | 1814461 bankonzhongguo
bankonzhongguo's picture

Ah ha!

Give'em the "bank capital" first, then ask for the bailouts.

Let the banks close their doors.

We will be that much more better off.


Wed, 10/26/2011 - 18:33 | 1814486 YesWeKahn
YesWeKahn's picture

This does look like a good news just like the first two stress tests. In the end, the stress tests are designed to boost investor confidence. I am an invesitor, I really feel confident buying french banks.

Wed, 10/26/2011 - 18:34 | 1814493 Bansters-in-my-...
Bansters-in-my- feces's picture

"Mister can ya spare a dime" comes to mind.

Wed, 10/26/2011 - 18:42 | 1814519 HedgeAccordingly
HedgeAccordingly's picture

How many short squeezes can you fit into 11 days? about 6 http://hedge.ly/rRXRxs

Wed, 10/26/2011 - 18:43 | 1814528 glepo
glepo's picture

Usually hiding of losses by UK/French/German banks


Wed, 10/26/2011 - 18:50 | 1814556 Irish66
Irish66's picture

This little chart kicked the can till December

Wed, 10/26/2011 - 18:54 | 1814570 pauhana
pauhana's picture

How much longer will the bond market (the only sane judges of what is really going on) put up with the charade that is stock market?  I keep waiting for the spreads on Euro debt to totally blow out but they don't. Why?  It can't be this endless Greek drama. 

Wed, 10/26/2011 - 18:56 | 1814578 Iam Rich
Iam Rich's picture

Funny how E$140B shortfall would have been viewed with SHOCK even a year ago.  Now it would be a relief that that is all that's needed.

Wed, 10/26/2011 - 19:02 | 1814602 chump666
chump666's picture

EU is finished.

Wed, 10/26/2011 - 19:06 | 1814615 disabledvet
disabledvet's picture

still seems like someone is out a trillion "over there." "the short squeeze in treasuries has been monumental with the yield on the 10 year hitting an extraordinary 1.75%. then they cry uncle and cover their positions allowing yields to approach a more rational 2.25%." it's just a story but it has the ring of truth does it not? who honestly has been anything other than uber-bearish on treasuries? i say "the animal spirits crowd" couldn't help it and has been shorting this space massively only to be suddenly staring trading losses of gargantuan proportions in a space where you really do have pay that back.

Wed, 10/26/2011 - 19:20 | 1814674 Coldfire
Coldfire's picture

Suppose you were a regulator. And suppose you were an idiot. But I repeat myself...

Wed, 10/26/2011 - 19:41 | 1814774 Blegoo
Blegoo's picture

The fourth... THE FOURTH TIME!

(it's a charm... as in The Fourth Reich)

The "Festung Europa" ... coming soon.

Wed, 10/26/2011 - 19:50 | 1814821 Quantum Nucleonics
Quantum Nucleonics's picture

Stop it Tyler!  Didn't you get the memo.  Europe is fixed, just need the lawyers to hash out the details.  Climb aboard the mo-mo train.  AMZN, NFLX, AAPL, FSLR are on sale.  Pick them up before the train leaves the station!!!

Wed, 10/26/2011 - 20:10 | 1814911 slewie the pi-rat
slewie the pi-rat's picture

ok, troops, listen up!

we're going to jump somewhere into the EU; that's all i can tell you, right now

this is called operation: restore confidence in the banking sector.  and, since everything about it is conditional, we shall call it

operation RE-CON-BS-CON

we remain on standby alert and will move out smartly when the fiat flies!


any questions, BiCheZ? 

Wed, 10/26/2011 - 20:24 | 1814969 Amish Hacker
Amish Hacker's picture

"the number of idiots who will fall for this "third time is the charm" farce can be counted on one finger."

You don't have to tell us, Tyler, we can guess which finger. 

Do NOT follow this link or you will be banned from the site!