That's funny, because in Denmark it's been the other way around: The big banks are not (yet) in really serious trouble (that we know about). Oh, Danske Bank took a pretty nasty hit from its foreign loans last quarter, but it's still just equity (i.e. shareholders) getting burned. Insolvency does not appear (caveat lector: appear) to be on the horizon for the big boys.

Whereas several of the smaller and mid-sized banks went totally apeshit over the housing bubble and are now being quietly - and in one or two cases not so quietly - dismantled.

- Jake

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