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21 sats \ 0 replies \ @TomK OP 25 Jun \ parent \ on: Unrealized losses at banks remain a smoldering problem econ
What I can say, however, is that during the GFC, German banks alone had to take advantage of public rescue programs amounting to half a biilion euros. If we assume a higher volume today, as is the case with the American banks, the situation is likely to be more than fatal.