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No Return To Normal - the Galbraith article | 96 comments (96 topical, editorial, 0 hidden)
Re: Are there European banks that are insolvent? (4.00 / 5)
Their liabilities are not infinite

No, but they are not static either. The worsening of the economic situation increases risk (and actual default) which continues to degrade banks' balance sheets.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Mar 20th, 2009 at 05:09:23 AM EST
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No Return To Normal - the Galbraith article | 96 comments (96 topical, 0 editorial, 0 hidden)
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