Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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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