PIMCO's El-Erian Drops The F-Bomb: "French Banks Are Down To 1% Capital

[Large Sarge]

http://dailybail.com/home/pimcos-el-erian-drops-the-f-bomb-french-banks-are-down-to-1.html

[Nomoss]

Thanks for the link. It was good read.
There's some good links on this page like I see the Irish
Are Not Happy with the banks.

[Hatha Sunahara]

I suppose the French banks are Too Big To Fail (TBTF).

TBTF is an undiscussable concept. If you see through it, you will be marginalized and ignored. Why is any bank too big to fail?

Why not use the real terminology here: The Status Quo Will Not Change. We have to sacrifice everything else to keep the banks alive--even if they are dead.


Hatha