Karl Denninger raises some interesting points in noting a consistent thread with the handful (sometimes more) of banks that fail every weekend. In the post he details the extent to which the
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Waterford Bank, Germantown MD: $155.6 million in assets,
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Karl goes on to list several more specific banks and asks the reasonable question, that if so many small banks are doing this, what about the biggest banks like Citi (NYSE:C), Bank of America (NYSE:BAC), JP Morgan (NYSE:JPM) and Wells Fargo (NYSE:WFC)? He notes that the combined assets of the four are $7.49 trillion (can’t vouch for that but I take his
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It is not clear to me that assuming an overstatement in a
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When I first started this site
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Then in mid to late 2007 after reading for weeks and weeks why European banks might be worse off than US banks, I sold the two European
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Part
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