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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 385.99

+1.6%

Nov 12 4:00 PM EST

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To: Haim R. Branisteanu who wrote (80619)	9/30/2011 4:07:10 PM
From: elmatador	1 Recommendation Read Replies (1) of 217739

Denmark’s central bank said it will provide $72.6 billion as part of an extended collateral program to provide emergency liquidity to the country’s banks. ai, ai ai! It is everywhere! The country’s lenders face a deepening crisis that threatens to stall a recovery in Scandinavia’s worst-performing economy. Two Danish bank failures this year triggered senior creditor losses, leaving international funding markets closed to all but the largest banks. Lawmaker efforts to spur a wave of consolidation and help banks sidestep Denmark’s bail-in rules have so far failed. “The expanded program is designed to supplement financial institutions’ access to taking loans and thereby build a bridge to a situation without state guarantees, when these expire in 2012 and 2013,” central bank Governor Nils Bernstein said in the statement. businessweek.com

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