Rescue package in place as Europe’s oldest bank revealed weakest in stress tests

Too Big to fail???  Just because the regulators are looking and reporting what they find doesn’t change anything.  Would it have been different in 2008 for the European banks, would the US mortgage crisis not have happened if the regulators looked closer?  The simple answer is no.  Installing a fire alarm doesn’t stop the fire happening, you just hope it warns you in time to get out alive.  GoldSafe Dubai, time to secure your financial position and become a master of your own destiny.

The rescue packages they talk about are to be paid by whom?  Where is this free money to continually bail out the banks when they get it wrong?   The much-anticipated result of the stress tests – for which there was no pass or fail mark – of 51 banks showed that Italy’s third largest bank emerged weakest from the assessment..