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  #121  
Old 13.04.2011, 20:12
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Re: Iceland votes "NO!"

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Ah ok. I believe anything you professionals say. I take your word for it, it was just the impression I got from reading EF for months.
Yeah, I believe a lot of things that aren't true after a few thousand posts on here.
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  #122  
Old 13.04.2011, 20:14
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Re: Iceland votes "NO!"

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I'm not sure if this is true Faltrad. I'm sure someone who works at UBS or CS can answer better but I believe the top guys are mostly Swiss.
Indeed. A closed circle... Brady Dougan excepted.
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  #123  
Old 14.04.2011, 13:34
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Re: Iceland votes "NO!"

some might find it interesting:

http://blogs.telegraph.co.uk/news/da...done-the-same/
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  #124  
Old 15.04.2011, 13:09
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Re: Iceland votes "NO!"

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I think what everybody's trying to explain to you is that banks don't just lend out deposits. They also borrow from central banks and each other (the interbank market) and on-lend those funds at a higher interest rate to their customers. Using borrowings over and above capital to increase their loan book is called leveraging. In the past, most commercial banks have been leveraged over 10:1.
Thank goodness someone knows what they're talking about. Have a rec.
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  #125  
Old 10.06.2011, 14:45
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Re: Iceland votes "NO!"

...and EFTA votes "YES!" and gives the Icelandic government 3 months to pay the Brits and the pot smokers...

shize!
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  #126  
Old 10.06.2011, 15:05
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Re: Iceland votes "NO!"

At least some of the Landsbanki assets are doing quite well. Selling them off should ease the pain. In fact, maybe the delaying tactics have paid off as the assets will not have to be sold at exactly the bottom of the market.
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