U.S. Banks Aren’t Nearly Ready for Coming European Crisis

[anders]

Thought this was a quite interesting article read,

 

http://www.bloomberg.com/news/2012-06-24/u-s-banks-aren-t-nearly-ready-for-coming-european-crisis.html

 

[Olmsted]

Hmm- same scare-mongering cliches, few numbers, little real analysis, basically no substance whatsoever.  Perhaps he could have taken at least a sentence or two to review US banks' gross exposures, or the extent of the stress tests' draconian scenario. Of course, then he might have been tempted to reach a different conclusion- one that doesn't get as much notice from potential readers!