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Monthly Archives: December 2011
America puts dying European banks on live support
For a brief moment this week it seemed as though the French bank Crédit Agricole would collapse because of lack of liquidity. Such an event had been a long time coming because European banks are having increasing difficulties in rolling … Continue reading
Posted in economy, politics
Tagged Ben Bernanke, credit bubble, ECB, Eurpean crisis, FED, insolvent banks, Marshall help, over leveraged banks
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