Zero Hedge
August 25, 2011
While Buffett is forced to bailout America’s most insolvent bank, which just confirmed our prediction that it will need to raise capital (although this capital raise was far lass than what will be finally needed), Europe has realized that it has no kindly-looking, ukulele-playing, no-income-tax-paying billionaire equivalent to bailout Intesa, SocGen, UniCredit, etc, etc, oh, and tomorrow, the short-selling bank is supposed to expire. End result: DAX flash crashes, and no rebound yet.
6 Responses to “And In The Meantime, The German Stock Market Plummets”
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sooner or later too big to fail meets too small to bail
beautiful! You put it in such a simple and poetic nut shell! Thank you!
Have a wonderful weekend ya’all!
Yep – Hooo Rayyyy Rick Perry !! This bankster deal just makes me sick!!! My wife even says something must be done but these people dont have the ka-hoonahs to stand up. We are in past our noses and it stinks! Our politicians sold us as slaves!!!! And ran away with the poliwhores in D.C.!!! We are F%*!!!*ked now!
This crash is 10AM berlin time, Right? Lost 9% immediately upon opening !
It doesn’t matter!! Germany is held tight right by the skinny!!! In my opinion – there are some people that should be hanged!! 170 yrs ago they would have hanged the whole slew of these criminals by now – in the public square!!!
I makes me happy that I don’t bank with Bank of Amerika. Buffet can bail out that insolvent bank all he wants. Oh yeah I’m sure he’s going to get the HUGE tax break for doing so. Lets all remember that these guys are to big to fail! Isn’t Bank of Amerika bankrolling Rick Perry? Well I guess Buffet is bankrolling him as well! I wonder how much those Zombie bank officials are going to give to that snake Rick Perry.