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ING was broken up at the EU Commission's orders; Lloyds and RBS are going to be made to shrink significantly (under EU pressure, again), and the others are getting the message.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sat Nov 7th, 2009 at 09:10:09 AM EST
[ Parent ]
Forbid European banks from participating in derivative transactions with US TBTF banks.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Nov 7th, 2009 at 10:06:29 AM EST
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