I was in Timisoara Romania last week. Timisoara is a city of roughly 320k people on the Western edge of Romania. On the drive in to the city I was struck by the huge number of different banks I kept passing. From one corner of the central square eight different banks were in sight of …
A squib from Bloomberg, quoting the German Newspaper Sueddeutsche Zeitung, “Munich prosecutors plan to file embezzlement charges against all members of Bayerische Landesbank’s former board….” Having the words “all former members” and “embezzlement charges” in the same sentence just makes my day. Ever since the worlds’ banks told us they were suddenly short of liquidity, …
A peek into one of the deepest little cesspits in Europe Read More »
