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Wednesday, September 28, 2011

American Banks Would Love To See A Big Bailout Of Europe


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Wednesday, September 28, 2011
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American Banks Would Love To See A Big Bailout Of Europe

Wondering what's dragging down US banks?

Well, obviously there are a lot of factors, but there's no question that Europe is a really big one.

As this chart from Goldman shows, correlations between US banks and their ailing European counterparts have grown DRAMATICALLY lately, as fears of interconnectedness grow.

If any kind of big Euro-TARP happens, expect US banks to respond excitedly. Read »


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