US banks’ CDS exposure to Europe

Read this. The author, economist Kash Mansori, had to do a shitload of research to get these numbers, but it shows how bad things could be for the US in the case of European credit event. It’s some hard evidence that US institutions have just as much on the line as Europeans from a default by one of the PIGS.

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About thedopieschron

Chilling real real hard

Posted on June 11, 2011, in Not Dope and tagged , , . Bookmark the permalink. Leave a comment.

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