Thursday, July 23, 2009

German Banks Need to Come Clean

Excellent write up in the Financial Times about the state of German Banks.,dwp_uuid=70662e7c-3027-11da-ba9f-00000e2511c8.html

So far Germany has Nationalized Hypo Real Estate (HRE)

Commerzbank has been propped up by the government.

Otherwise the Germans have had their heads in the sand.

Please see prior post about German Banks.

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