Comments on: Germany: banking system collapse possible due to Hypo Real Estate

By: HRE: defusing the German financial time bomb - Credit Writedowns

HRE: defusing the German financial time bomb - Credit Writedowns — Thu, 30 Apr 2009 13:05:24 +0000

[...] Germany: banking system collapse possible due to Hypo Real Estate – 4 Oct 2008 [...]

By: Anonymous

Anonymous — Fri, 10 Oct 2008 09:03:00 +0000

This is nothing compared to the exposure banks may have on the US$600 trillion derivatives market. It is common to bullshit about how superior a position banks have in Germany. Since no one really knows for sure till it is too late and it is a game of bluff to tide over the credit crunches, when it comes, it would always be said to be unexpected. Anyone following Germany government releases for the past 3 weeks knows it is propaganda bullshit and praying against hope that the over-leveraging will not get discovered. Problem is, even if banks were able to tide one financial scare, they would be emboldened to tempt another, always pushing the limits of crash. Ladies and gentleman, this lesson of crash will last for a few decades, at least.

By: Edward Harrison

Edward Harrison — Sun, 05 Oct 2008 12:05:00 +0000

Jan-Martin,

184 Billion Euros. That is a shedload of short-term debt to roll over. My god, if the politicians do not unfreeze the credit markets, we face a collapse in the financial system.

Thanks for pointing me to that article.

What do you make of HRE's predicament?

Edward

By: jmf

jmf — Sun, 05 Oct 2008 06:37:00 +0000

Moin Edward,

this story is just unbelievable...

Make sure you read
HRE - Da kömmt noch (viel) mehr!
from the Blog "Weissgarnix"...

You just have to taken one look at the table "liabilities to other banks" to see the problem.....

His posting is from the beginning of last week... It seems that nobody involved in the bailout have read the latest interim report.....