I find it very hard to believe that Santander is that strong. Suspicion that there is lots of mark to fantasy for Spanish property loans. No evidence for this, but just incredulity.
The only person to predict the 2008 credit crunch (Oct 17th to be precise) and still have all his hair. This time it's the end of the Euro, Dec 2011. OK, end of March 2012.
4 comments:
Long Santander and short soc gen, barc and BNP
Your bank chart was on ZeroHedge yesterday. Originally comes from ESIB Research.
Weights of wholesale vs other funding?
I find it very hard to believe that Santander is that strong. Suspicion that there is lots of mark to fantasy for Spanish property loans. No evidence for this, but just incredulity.
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