The U.K. was the first to nationalize a bank … Northern Rock …
NOW they step in to “nationalize” at least partly the “former big” banks.
Market talk is, that tomorrow BEFORE markets open, an announcement from Mr Darling will be made.
Talk is, that the UK Govt. will take stakes in RBS, Barclays and TSB totalling around […]

A total of EUR791 million was borrowed in overnight funds at the 5.00% penalty rate as of Sunday, the European Central Bank said. AUTSCH …
UK lenders sold off heavily as Bradford and Bingley (down more than 23%) came out with a profit warning …
Northern Rock replayed???
HBOS were down more than 11% as investors ducked […]

The UK “bailout” dissappoints …
as no US mortgage related assets will be accepted and the “haitcut” is bigger (30%) than expected …
so … April expiration done … what’s next?
As there is NO fundamental change … whatever the press tries to tell us …
We should see some selling now again …
It is still […]

As we all know, the U.S. real estate market is facing a big crisis …
Prices are going down, the consumer is hurt and the economy starts to roll over.
But … at least the U.S. has a falling currency, which helps, and Helicopter Ben, doing until the impossible to float the boat
Even if it […]