Thread: Europes web of debt, in one nice and easy to understand diagram.

Originally Posted by Butterfly

there is something missing in those charts though, it is the underlying assets matching all those loans, so at the end it's not entirely that bad,

What assets??? Oh, you mean the CDO's they all invested in and have since turned to vapor...

If Germany doesn't ratify the bailout plan today, watch for Armageddon in the markets... Similar to yesterday's fiasco at 2:45pm EDT when the market dropped 1000 points in minutes...

In for a penny, in for a pound... I rolled the dice last night and bought GS at $141.35...