Egan Jones Just Downgraded Italy's Most Troubled Banks To BB+

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Wed, 08/03/2011 - 11:24 | 1520769 Mr Lennon Hendrix
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Snake, meet tail.

Sorry, I meant:

Italy, eat gelato.

Wed, 08/03/2011 - 12:03 | 1520885 Cognitive Dissonance
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I can't keep up with your avatar changes. I don't see IDs, I see pictures when I scan ZH. Let my brain settle on one LH ID and one picture for a week (please?) before changing again. :>)

Wed, 08/03/2011 - 13:07 | 1521130 Mr Lennon Hendrix
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Stay low, and keep moving.


Wed, 08/03/2011 - 23:37 | 1522876 mason5566
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Wed, 08/03/2011 - 11:24 | 1520778 TruthInSunshine
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Porca miseria.



Wed, 08/03/2011 - 12:33 | 1520986 Cast Iron Skillet
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Wed, 08/03/2011 - 11:25 | 1520780 lilmac929
lilmac929's picture

Man...Tyler's busy today!  So much good news and so little time.

Wed, 08/03/2011 - 11:26 | 1520786 firstdivision
firstdivision's picture

So that explains the rally in the US markets.  It has nothing to do with the PPT and a certain Brian Sack...

Wed, 08/03/2011 - 11:27 | 1520790 Cognitive Dissonance
Cognitive Dissonance's picture

Better late than never.

Though they should have been downgraded all the way to SHIT. Maybe tomorrow.

Wed, 08/03/2011 - 11:42 | 1520842 Ghordius
Ghordius's picture

I expect they will be breaked down/back to national banks, soon. Those Austrian aquisitions are a serious problem...

Wed, 08/03/2011 - 11:34 | 1520814 jm
jm's picture

A real problem spot is that Banca Monte dei Pasci's funding is all short-term and their liquidity pool is drying up. 

Wed, 08/03/2011 - 11:39 | 1520825 bania
bania's picture


Wed, 08/03/2011 - 11:42 | 1520838 johngaltfla
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I don't know about that comment Tyler...Dagong is looking more credible by the day.

Wed, 08/03/2011 - 11:49 | 1520858 Hedgetard55
Hedgetard55's picture

DOW 12,000 we hardley knew ye.

Break out the DOW 10k hats, bitchez.

Wed, 08/03/2011 - 11:59 | 1520883 Bolweevil
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Russia's next.

viva Rossi! viva la figa!

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