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There is lots of talk about Scandinavian banks buying the Icelandic banks (and remember Nordea has quite large state ownership... makes for a "hidden" bailout) - that is, if the Scandinavian banks don't fail first. ;)

Seriously though, the Scandinavian banks do not really seem to have insolvency issues, just liquidity issues.

But I might just have to regret what I just said.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Mon Oct 6th, 2008 at 11:24:17 AM EST
[ Parent ]
The big Scandinavian banks don't appear to have solvency issues. The little local ones... Well, they're at four bankruptcies and counting in Denmark alone.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Oct 6th, 2008 at 04:44:04 PM EST
[ Parent ]

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