Mish Fined 8,000 Euros for Quoting French Blog
November 21, 2013Spread the love
On September 2, 2011, the Wall Street Journal chimed in with A French Banking Primer The effects of a system that ‘encourages excessive financial leverage’. By its own account, Credit Agricole’s tangible common equity is just 2.1% of its assets—which means its €1.6 trillion balance sheet is leveraged nearly 49-to-1.
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Mish Fined 8,000 Euros for Quoting French Blog
