Are European banks really in danger of imploding?
Repeat after me. Must save banks again. Must save banks again. So what if it crushes the middle class even more? Must save banks again.
The word right now is that US banks are reasonably well capitalized. Remember that bailout thing? You paid for it. So no American implosions seem immanent. European banks are looking a lot sketchier. Below is an interesting graphic which charts bank stock performance from the start of 2008 and compares it to 2016. This data I believe is from before before the 3 day rally we’ve seen in stocks so it is slightly dated. But you get the point.
http://www.againstcronycapitalism.org/
Source: http://www.againstcronycapitalism.org/2016/02/are-european-banks-really-in-danger-of-imploding/
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