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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 on Mon Oct 6th, 2008 at 11:24:17 AM EST
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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

Friends come and go. Enemies accumulate.

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