<blockquote>'As for the
NYT's message, here is the gist:
<blockquote>
The problem is, alas, that no one - not investors, not regulators, not even bankers themselves - knows exactly which banks are sitting on the biggest stockpiles of rotting loans within that pile ... Depfa, a German bank that is now based in Dublin, is one of the few second-tier European banking institutions that have offered detailed disclosures about their financial wherewithal, and its stark troubles may be emblematic of those still hidden on other banks’ books. </blockquote>
...Unfortunately, the US is in far worse shape than all of Europe combined, but is much better equipped at dealing with a population so illiterate in financial matters that it can keep pulling the wool over the eyes of the sheeple...'
-
On The Trail Of Europe's "Mysterious" $2.6 Trillion In Toxic Debt</blockquote>