Tuesday, March 3, 2015

FDIC, DIF, Derivatives & Austrian Bank Fail

Poof! It's gone!

https://www.youtube.com/watch?v=vfsv7Tx32p4

NB As I write this, the 4th biggest Austrian Bank, the Hypo Alpe Adria Bank, has just found an $8bn 'hole' in its accounts, and it's looking like a bail-in is coming:

 http://www.zerohedge.com/news/2015-03-01/spectacular-developments-austria-bail-arrives-after-%E2%82%AC76-billion-bad-bank-capital-hol

No comments:

Post a Comment