You know it's serious when the denials begin. Speaking in a Bloomberg TV interview, Goldman Sachs President Gary Cohn explained how "US banks took their medicine early," adding that "some European banks have been slow getting recapitalized." Having thrown his 'competitors' across the ocean under the bus, Cohn then unleashed his comments with regard Goldman's own spiking credit risk - demanding that "no one should question the viability of US banks."
- *COHN: U.S. BANKS ‘TOOK OUR MEDICINE EARLY’
- *COHN: U.S. BANKS DELEVERAGED AND HAVE ENORMOUS EXCESS LIQUIDITY
- *COHN: SOME EUROPEAN BANKS HAVE BEEN SLOW GETTING RECAPITALIZED
- *COHN: NO ONE SHOULD QUESTION THE VIABILITY OF U.S. BANKS