Today the European Central Bank had to “loan” banks $130 billion to keep the banks from running out of money. The Federal Reserve had to make an emergency infusion of $24 billion today. BNP Paribas Bank in France froze $2 billion in cash to remain solvent. Has the fit hit the shan and we’re just in denial?
Looks like ECB and the Federal Reserve have had to bail out some of their Banking Buddies, what ever backroom deals which prompted the crash and were made after we are yet to discover. I however think that we will have some major mergers soon. One.