Saturday, January 07, 2012

Dexia should be OK now, says Belgium's bemused Banker!

Luc Coene is the head of Belgium's Central Bank and sits on the board of the ECB, so he clearly is clueless on matters to do with real money in general and what is happening at the disaster in Dexia in particular.

Here is a recent report that could tend to bear out the opening paragraph of this posting. Here is a link that does spell out the horrendous losses incurred by the Franco-Belgian Dexia Bank to date.

Don't you just fall down crying at these clowns? Yet will any of this be in the MSM tomorrow?



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