8/2/2019 So, Can Europe Nationalize All Of Its Troubled Banks? Place Your Bets Here

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8/2/2019 So, Can Europe Nationalize All Of Its Troubled Banks? Place Your Bets Here

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8/2/2019 So, Can Europe Nationalize All Of Its Troubled Banks? Place Your Bets Here

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Were the big Greek banks effectively nationalized already? Don't the depositors and

counterparties/creditors know that Bank of Greece and the ECB have their backs. I mean,come on now. Paranoia is simply going too far. MG Global account holders may be gettingsome of their monies back, as is somebody who had an account somewhere in Lehman. Iremember when I made this warning about Bear Stearns back in January of 2008 (2 months

before Bear Stearns fell, while trading in the $100s and still had buy ratings and investmentgrade AA or better from the ratings agencies). Nobody wanted to listen: Is this the Breakingof the Bear?

Once again, do I have a crystal ball??? Or just a spreadsheet??? After all, the ECB justinjected a record amount of junk collateral backed, near ZIRP liquidity into the European

banking system - Helicopter Ben style - a half trillion Euro worth, or 3/4 trillion dollars or so.And to think, many believe Hip Hop music and iPhones to be one of the biggest US exports:-

) Of course, everybody on the sell side sees this as bullish - reference Cascade is to Dominoas Greece is to Por and Does Anyone See This Emergency As An Eme for a morecommon sense approach to this ECB bailout of bailouts. As for just why such a massiveliquidity injection was necessary? Well, as this excerpt from the subscriber edition of theBNP Paribas report is marked...

8/2/2019 So, Can Europe Nationalize All Of Its Troubled Banks? Place Your Bets Here

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