Europe's banks go on a borrowing binge
Hundreds of billions of dollars are in play. Is this a good move, or did the eurozone take on a lot more risk?
Where did the ECB get all that cash to lend? Are our taxes going up?
So the banks that borrowed will allocate that money into cubby holes that creditors, shareholders and depositors cannot touch, then declare bankruptcy.
Sorry, I can't help it. I just started reading Ellen Schultz's book "Retirement Heist" and it's putting the worry in me.
Full Disclosure: I own no shares of Penguin Books.
Here we go again. Borrow until hurts or until someone ask "show me the money". What a shell game.
how about BANKRUPTING your balance sheet and starting over AGAIN...the short term pain in terms of years will outweigh the long-term death spiral
sounds like a wire and mirror fix these nations have to be willing to change philosophy
quit looking for big govt handouts or they will all go down
At least this European madness buys us on this side of the pond maybe two more years to work, invest, and keep paying down the mortgage.
So on a vacation to anywhere in Europe, I bet on the hotel bill, the rental car, the restaurant meal, the taxi cab ride, there will be a bailout tax added. They'll probably install pay toilets. "One Euro if you have to go."
Hmmm. I can see a new ABC television sitcom here.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.