Tuesday, December 13, 2011

Commerzbank's Merz (Garbage)

The capital situation at Commerzbank deserves to be on our radar, if not engaging our most rapt attention.  I suggest adding a Google Alert for Commerzbank to help you keep up with this story.  The recent fall in the EUR/USD may be partially explained by perceptions of risk to this huge bank.  Will they socialize their bad real estate mortgage portfolio?  I would if I could.

http://www.reuters.com/article/2011/12/13/commerzbank-idUSL6E7ND34920111213

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