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Any banks which is suspected is dead in the water. Expect a bailout plan for Caisses d'Epargne in the next 24 hours...

(This one will be fun to negotiate: the Caisse des Dépôts, the usual suspect for a capital injection, is pissed off at Caisses d'Epargne for their take-over of Natexis - it was done in a hurried way while the previous boss of CDC was in the hospital, against his specific instructions, robbing CDC of its influence in the company)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Oct 1st, 2008 at 04:47:18 AM EST
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