Forum Post: Goldman Exposure To European Banks And Governments: $56 Billion

Goldman Exposure To European Banks And Governments: $56 Billion

http://www.zerohedge.com/news/goldman-exposure-european-banks-and-governments-56-billion

(TylerDurden) Since it has become fashionable to expose one's dirty laundry, we would like to simply bring it to our readers' attention that as per the just released Goldman Sachs 10-Q, the bank has revealed that it has $56 billion in pure exposure to European banks and governments, of which the most is to France, followed by Germany and the UK. We have excluded the "other" category as there is absolutely no clarity what "assets" are contained here.

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Worldwide Markets Collapse Following Italian Bond Margin Hike

http://www.zerohedge.com/news/worldwide-markets-collapse-following-italian-bond-margin-hike

(TylerDurden) The much dreaded LCH margin hike came and went and while initially the market participants thought it was just a joke as nothing bad is ever allowed to happen anymore in these neverneverland markets, a few hours later the realization that this is all too real has finally dawned. The result is an epic bloodbath everywhere, but nowhere more so than in Europe, where one can kiss Italian bonds goodbye, and shortly French too, as the bond vigilantes demand that the ECB print now or else. Visually this is presented as follows: a 30 point drop in the ES, an unseen collapse in Italian bonds, and an explosion in the French-Bund spread. And since nobody can demonize CDS any more, we expect Europe to make selling sovereign bonds illegal next.

(Assault by debt wielding psycopaths continues unchecked)

http://maxkeiser.com/2011/11/09/assault-by-debt-wielding-psycopaths-continues-unchecked/

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Big Banks Plead with Customers Not to Move Their Money

(Posted on November 9, 2011 by WashingtonsBlog)

Yes, The Big Banks DO Care If We Move Our Money

650,000 customers moved $4.5 billion dollars out of the big banks and into smaller banks and credit unions in the last month.

But there is a myth making the rounds that the big banks don’t really care if we move our money. For example, one line of reasoning is that no matter how many people move their money, the Fed and Treasury will just bail out the giants again.

But many anecdotes show that the too big to fails do, in fact, care.

Initially, of course, if the big banks really didn’t care, they wouldn’t have prevented protesters from closing their accounts...

Continue Reading At:

http://www.washingtonsblog.com/2011/11/big-banks-plead-with-customers-not-to-move-their-money.html