Archive for November 27th, 2011

$707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months

Sunday, November 27th, 2011

by Tyler Durden ZeroHedge.com 11/26/2011 While everyone was focused on the impending European collapse, the latest soon to be refuted rumors of a quick fix from the Welt am Sonntag notwithstanding, the Bank of International Settlements reported a number that quietly slipped through the cracks of the broader media. Which is paradoxical because it... »

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Banks Build Contingency for Breakup of the Euro

Sunday, November 27th, 2011

By LIZ ALDERMAN Nytimes.com November 25, 2011 PARIS — For the growing chorus of observers who fear that a breakup of the euro zone might be at hand, Chancellor Angela Merkel of Germany has a pointed rebuke: It’s never going to happen. But some banks are no longer so sure, especially as the sovereign... »

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