December 17, 2010

Different planets?

Sir to read  Brooke Masters and Patrick Jenkins  in ”Basel reveals liquidity gap for world’s biggest banks” December 17 mentioning a Basel III capital shortfall of  €577bn in capital for 91 of the world largest banks, and this really before any terminal sovereign debt problem, and at the same time read Ralph Atkins reporting “ECB sends out [only a] €5bn bill for capital increase”, “to restore confidence in the continent’s 12-year monetary union” makes one thing of whether those reporters find themselves on different planets, or that someone is pinning his hopes on the mother of all ambitious leverages.