Wednesday, October 06, 2010

Gimme Gimme Gimme

Banks demand more bailouts

"As the Telegraph noted yesterday:

"Lenders across Europe and the US are facing a $4 trillion refinancing hurdle in the coming 24 months and many still need to recapitalise, the Washington-based organisation said in its Global Financial Stability Report. Governments will have to inject fresh equity into banks – particularly in Spain, Germany and the US – as well as prop up their funding structures by extending emergency support.

Prop up their funding structures?"

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