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To: Hawkmoon who wrote (113236)	7/23/2010 2:53:42 AM
From: Haim R. Branisteanu	2 Recommendations Read Replies (2) \| Respond to of 116555

My opinion is strongly tilted toward the US banks and their minnows the hedge funds run by ex- Wall-Streeters IMHO they are all scum. (not that the Citi of London or Paris or Frankfurt is populated with more noble people – but at least EU governments mostly their Treasury were not so deeply penetrated by the scum of WS and does not have the same mentality of pillage cheating and stealing) As to the EU true that they have high leverage but in most cases on "covered bonds" representing mortgages and other similar loans. Some banks enable Eastern Europe to take out loans in foreign currencies which should have been a NONO, but the INTENTIONAL acts of depriving savers of their saving if with Structured Saving programs, CDO's SIV's and plethora of other leveraged products on inherently leveraged mortgages or other debt obligation where dreamed up in the US with a sole purpose to pillage more money form the unaware. At issue is the intend in proving negligence or a criminal intend (act) and as the GS and Fabric Toure settlement with the SEC indicate, the US Banks engaged in criminal intended activity to reap more fees and generate more profits for their prefered client by shyponing money from a German State Bank to their pockets, which in my opinion constitute a “casus belli” and is a crime in international law The excuse that some treasurer of a small town in Norway or France etc., for example is a sophisticated investor, "holds no water" in my view of right or wrong - honest people think the people are inherently honest and act upon - unfortunate people that are scum pretending to be honest is difficult to detect (see my other posts)

To: Hawkmoon who wrote (113236)	7/23/2010 8:48:32 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 116555

Hawk, to put things in perspective re EU v US - how many banks failed in the US in 2010 to date - 6 1/2 months only fdic.gov The media and talking heads make so much noise with the EU test of banks. I am not sure how many banks within the EU went belly up but it is obvious that in the US over 96 banks went belly up and the FDIC run out of money. On average those banks had between $200 to $300 million, in assets - this adds up to about 2 to 3 trillion in assets in 6,5 months in 2010 alone!! The hair cut is something in the 200 to 400 billion for those institution to go BK. In a cumulative way more than Bear Sterns etc. This amount is staggering but for some reason no one care in the financial markets