Quote:
Originally Posted by SCORE-Cash
They are now saying that even with the $700 Billion us Bailout, it won't help. The problem is growing, and more EU banks will need government support.
Three EU banks now. If congress doesn't vote on this, you will see even more US banks and EU banks go under.
The US won't be able to save the world.
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The US doesn't need to save the world.
Most EU banks only have limited exposure to the crisis. They're taking hits, sure, but few are taking potentially fatal hits. Fortis is an exception, not the rule. Many EU banks have reserves that allow them to easily weather the storm.