Quote Originally Posted by Organ Morgan. View Post
None of the events you mentioned caused panic in any UK streets.

Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.
Just checked out the window. All is quiet in my street.

Let me know when the looting starts.

My missus wants a new iPod.