Max Keiser On Dexia's Bailout: "Total Assets Equal To The Entire Greek Banking System"

Video - Max and Stacy on Dexia Bank - Oct. 12, 2011

Comments

[Josie]

Wish Max did more of this "schooling"...many ignorant folks would benefit from his explanations, including me...

[DailyBail]

FRANKFURT (MarketWatch) -- The Institute of International Finance, a trade group representing international banks, said Wednesay that it made a new proposal on Greek government debt writedowns. A spokesman for the IIF said the proposal was for a voluntary debt exchange but didn't elaborate on the size of the haircuts bondholders would take under the plan. European officials have reportedly called for haircuts of around 60%. A Juy 21 agreement had envisioned private bondholders effectively taking writedowns of 21%.