UK News article filters out £16.3 Trillion number

novazombie

UK News article filters out £16.3 Trillion number


Freely distribute, share, post, copy, DL, whatever!

Have a look here BTW:
http://www.halifaxinitiative.org/inde...

OK, so most of you probably looked at that Telegraph article I mentioned last night.

Few of you saw the same article that I did!

Well, it sure looks like someone from Downing Street got on the phone pretty quick after I read it and removed the numbers from it.

And, they are getting better - it's not in Google cache! Mahahahha!

Good job Downing Street! But now you gotta shut down the blogging sites! Check out Digg first...

Here's the missing parts:

European Commission officials have estimated that impaired assets may amount to 44pc of EU bank balance sheets. The Commission estimates that so-called financial instruments in the trading book total £12.3 trillion (13.7 trillion euros), equivalent to about 33pc of EU bank balance sheets.

In addition, so-called 'available for sale instruments' worth £4trillion (4.5 trillion euros), or 11pc of balance sheets, are also added by the Commission to arrive at the headline figure of £16.3 trillion.

Look at the URL on this link when it opens:
http://www.telegraph.co.uk/finance/fi...

Google the url to see other references to the article!

Peace ;-)


http://www.youtube.com/watch?v=bd_80Ue4340&feature=channel

Here is the article from the Telegraph, but Downing St has done their thing again.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4590512/European-banks-may-need-16.3-trillion-bail-out-EC-dcoument-warns.html

pandamonia

This is worrying

dopester

That is partially why I'm not overly concerned with !!!!!! and others visions of inflationary pressures on the horizon.. rolling the printing presses for a few billion and panicking to buy a house - or a house and BTL galore for others who subscribe to that theory.

The deflationary pressures are just so absolutely overwhelming - and they won't print tens of trillions. People will have to take their medicine.

Guardian - The Global Financial Pyramid.
http://www.guardian.co.uk/business/dan-roberts-on-business-blog/interactive/2009/jan/29/financial-pyramid

pandamonia

makes you wonder how this is all going to be fixed

Generali

pandamonia wrote: »

makes you wonder how this is all going to be fixed

Time. It's the only thing that'll do it. The losses need to work themselves out and the insolvent go bust.

islandannie

Generali wrote: »

Time. It's the only thing that'll do it. The losses need to work themselves out and the insolvent go bust.

Is that the same as saying the corrupt and greedy bankers need to go bust and divi their Ill gotten gains equitably amongst the the debtors they created?

Generali

islandannie wrote: »

Is that the same as saying the corrupt and greedy bankers need to go bust and divi their Ill gotten gains equitably amongst the the debtors they created?

The banks are the insolvent I'm talking about.

islandannie

Generali wrote: »

The banks are the insolvent I'm talking about.

You didn`t answer my question.

Generali

islandannie wrote: »

You didn`t answer my question.

I don't really understand your question. Do we identify the greedy bankers and force them into bankruptcy through some previously unknown route and their money given to people who borrowed money? Is that what you're saying?

islandannie

Generali wrote: »

The banks are the insolvent I'm talking about.

The Bankers are far from insolvent

Their customers are though.

Generali

islandannie wrote: »

The Bankers are far from insolvent

Their customers are though.

Perhaps we cross posted. Can you clarify your question?