Le système bancaire de l’Atlantique nord est probablement insolvable (Willem Buiter, Financial TImes) mardi 7 octobre

Le système bancaire de l’Atlantique nord est  probablement insolvable (Willem Buiter, Financial TImes)

      

mardi 7 octobre   

             

                           

                  

                       

             

             

It’s reasonable to assume that the banking system in the North Atlantic region is insolvent and would be bankrupt but for the reality of recent government bailouts and the expectation of future government bailouts. Certainly, for the system as a whole, the marked-to-market value of its assets is way below that of its liabilities. I strongly suspect that even the hold-to-maturity value of its assets is well below that of its liabilities. Although the system as a whole is broke, there are no doubt individual banks that are solvent. We may not, however be certain as to which banks are solvent and which banks are not.

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