SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Jurgen who wrote (24507)8/17/1998 12:05:00 PM
From: P.T.Burnem  Read Replies (1) | Respond to of 94695
 
Thanks to conservative German accounting laws all loans have already been written down to nothing or are secured by the government or are covered by huge reserves long ago.

60-70% of the loans are reportedly covered by reserves, and there is indirect exposure through loans to German exporters.