09-14-2011 07:04 AM
Perhaps an interesting intellectual observation coming up as the euro area faces a Lehman type moment but without the capacity to intervene in a massive way.
We'll observe the experiment, maybe get some clues about who was right on the matter.
09-14-2011 07:42 AM
Re: Euro TARP
Sounds like the public will get the tab whether it'd via a tarp type program or outright nationalization. Of course a significant amount of tarp went to those European banks so maybe they'll take on bac to return the favor.