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The general sense was that the same banks that already required bailouts also have big irish/spanish/portugese exposure that would look bad after greek default.
by rootless2 on Fri May 27th, 2011 at 08:30:15 PM EST
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There is a table in the article showing that. The largest exposure is KfV's, due to the first Greek bailout, then the "bad bank" of the former real estate casino bank HLB, then Deutsche Bank already just a fraction of that. Of the Landesbanken, only the "bad bank" of WestLB and Baden-Württenberg's bank have relatively high exposure. So, as good as they are at spreading panic, I doubt that the neoliberals will have the opportunity to produce a crisis large enough to force the sell-off of the Landesbanken to commercial banks.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat May 28th, 2011 at 04:35:25 AM EST
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