On the Edge with Max Keiser - French banks and the European debt crisis [OTE125]

[stockholmer]

Run time: 22:47 https://www.youtube.com/watch?v=m4NHm9SgEQw   Posted on YouTube: October 01, 2011 By YouTube Member: PressTVGlobalNews Views on YouTube: 3340   Posted on DU: October 02, 2011 By DU Member: stockholmer Views on DU: 1259

 
http://www.presstv.com/Program/202132.html

In this edition of the show Max interviews Pierre Jovanovic from Jovanovic.com.

He will talk about the run on French banks and how President Sarkozy's administration is dealing with this and the European debt crisis.

Many analysts are saying that it may not be a Greek default that spurs the next big crisis, but a liquidity crunch at French banks.

France's largest banks have lost almost half their value since August 1, leading to solvency concerns.

Without an injection of cash from the European Central Bank investors may continue to flee French finance, spreading panic along the way.

[DeSwiss]

1. All the lies are starting to collapse in on themselves.

This House of Cards banking system is down to one knee -- and the other knee is ready to break.

So everyone just stand back out of the way because there's no way to stop this. Nor should anyone want to stop it.

If we're lucky, the CANCER that is Capitalism will kill-off the fictional person that is the Corporation.

Well everyone's got to have a dream.

- That's mine........

K&R

[pam4water]

2. Good to see some real news.