Friday, July 28, 2017

Europe's banks are getting killed


QE.  They probably have half of their regulatory capital being held against negative yielding deposits at their central banks of course it is going to look like this.

Look at this and then listen to the idiot left say something like:  "the last 8 years has witnessed the greatest upward wealth transfer in the history of the blah... blah... blah...".





3 comments:

Kaivey said...

Just because the banks show no profits on their audits doesn't mean that the bankers haven't run off with the money.

Matt Franko said...

Well dont worry Kaivey it should all reverse now that they are going to start to reverse the policy and the wealth should transfer back down...

intajake said...

with huge mass youth unemployment european banks have screwed over working people in europe