[lbo-talk] More on global capital's Chinese turn

Doug Henwood dhenwood at panix.com
Mon Jan 3 13:47:50 PST 2011


On Jan 3, 2011, at 4:33 PM, dredmond at efn.org wrote:


> So 13% of their loans take a haircut, the rest are reasonably solvent.

13% is a lot in a leveraged business like banking. Deutsche Bank has $2.153 in assets and $2.100 in liabilities, leaving stockholders' equity of $53 million, or 2.5% of assets. This is one reason why Germany is so eager to make the people of Ireland and Greece suffer.

Doug



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