Mish Fined 8,000 Euros for Quoting French Blog
MishTalk
NOVEMBER 20, 2013
trillion balance sheet is leveraged nearly 49-to-1. Credit Agricole argues that €500 billion of that should be netted out because of its hybrid banking/insurance business model, which still leaves it leveraged 33 times. As a group, these three banks have some €4 trillion in assets on their balance sheets, supported by €129.3
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