It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

EU to publish information on bank at risk.

page: 1
4

log in

join
share:

posted on Jun, 17 2010 @ 12:54 PM
link   
BBC report


EU leaders have agreed to publish "stress tests" of banks next month to show investors where any potential risks lie. EU Commission President Jose Manuel Barroso said the results would be published "on a bank by bank basis - this should reassure investors".


Is it me, or is this the most thinly veiled deliberate mistake or the most stupid idea I have ever heard?

Only 2 things can come out of this

1, They publish all risks of all banks resulting in runs on those "at risk"

2, Or, as they say, if they do this on a bank by bank basis. Those that have no information published, could be assumed, by the "sheeple", of being at risk!. And therefore create a run on those banks.

Everyone knows that the markets, and peoples investment is driven by fear and greed.
In the current economic climate I can only see this as generating fear, not calm.

IMO I only see this as possibly the straw that finally break the camel's back.

Comments please.

[edit on 17/6/2010 by JakiusFogg]

[edit on 17/6/2010 by JakiusFogg]




posted on Jun, 17 2010 @ 01:05 PM
link   
reply to post by JakiusFogg
 


I suppose the EU can leverage any negative outcomes into pressure to allow an EU banking authority which can institute monetary policy to which individual nations must adhere.

The first thing they'll do is outlaw currencies other than their own.



posted on Jun, 17 2010 @ 09:08 PM
link   
Attempting CPR

Charging 100

CLEAR!!!!

ZAP!!



new topics
 
4

log in

join