German Bank Shares fall as Gold surges and Brown boasts

AFP reports on the falling shares of the two largest German Banks here, while the gold price soars and Gordon Brown, Britain's Chancellor during ten years of smoke and mirror economics boasts of the country's economic strengths. The Age, an Australian paper has meantime made much of the billions poured into Northernn Rock and the earlier replacement of the regulator of that Bank within the clearly incompetent FSA, linked here. See also our link of yesterday to a Sunday Times report that the bank is still offering what are effectively unsecured loans.