Moody's downgrades a dozen British banks No surprise here, the City has corrupted Westminster to the bone -- as the latter is now the ultimate obstructionist in European wide financial reforms. They are still hoping that the British populace will bail them out -- even when Britian is as broke as Greece. I wonder why the British keep up with this stuff, it's outrageous!
As you probably are aware, Dexia is a Franco-Belgian bank. The Belgian piece has her offices, in the sense they have *real* customer as in "normal folks". In France, it's mainly an investment bank. As awalys, the Belgians have their sh!t together. The bank will probably be broken up in: (1) healthy Belgian part that will be nationalized because we don't want to sell under price if it would come to that (2) all the rest.
You are quite ridiculous, indeed. A child really. Interested in politics. It's getting on my nerves to be quite honest. If you would have any knowledge about the Dexia-case, you would know that wilst they were under review they had, and still have, an AAA-rating. Their business model only was (is?) achievable because of an AAA-rating (as I explained, the French department had to borrow money to invest, the Belgian department was more "Belgian": low-risk, strong foundation, solid money). Now, because there are rumours that Dexia is losing her AAA-rating. Boom. Question: maybe you can enlighten us, and share with us what, and how, these stress-tests actually surveyed?
So a stress test of the EU means nothing, you cannot trust it ( see Dexia ) and has no real value besides being a farce. Thanks for sharing.
Cause Dexia was borrowing from the Fed discount window since 2008 and benefited greatly from QE2. Their books looked good but once QE2 stopped it went to hell in a hand basket.
