bnbg, page-32

Enumerate,

RBS were right on with that statement....look what just happened to them and all the banks today in europe, totally smashed.

I work for a big (not so big anymore i guess) global bank and I can tell you for sure that they havn't written down to where this stuff needs to be, as its mostly held in "hold till maturity" banking books. If they had to move it into the "available for sale" line then they'd be bust. The market is coming to terms with this at the moment which is why BankAmerica, Citi, Barclays, Deutsche, RBS UBS etc etc etc are getting totally whacked. Because they are technically insolvent.

What does that mean for BNB, not much except that in my mind its proof that you can survive with negative equity, whether its disclosed or not.

here's looking forward to next week!