early halloween in Italy & elsewhere

If any country needed a “true market” for deteriorated credit, it’s Italy whose banks’ balance sheets are filled to the gills with around €360 billion of non-performing loans, many of them in an advanced state of decomposition and with very weak, if any remaining, collateral underpinning them.

To put that in perspective, that’s roughly a third of Europe’s entire stock of bad loans. As WOLF STREET warned a couple of weeks ago, the Atlante funds don’t have enough firepower to steady even Italy’s smallish regional banks, like Vento Banco, which keep coming back for more handouts, let alone the likes of Monte dei Paschi or Uncredit, each of which has tens of billions of euros of NPLs festering on their books.   http://wolfstreet.com/2016/10/30/italy-banking-crisis-doom-loop/

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9-22-16     America’s toughest prosecutor demands Anthony Weiner’s cellphone records after DailyMail.com reveals his sexting relationship with girl, 15
http://www.dailymail.co.uk/news/article-3802997/Federal-prosecutor-demands-Anthony-Weiner-cellphone-record-DailyMail-com-reveals-sexting-relationship-girl-15.html#ixzz4ObN4IpMi
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the greatest Halloween costume of all may be the one that you see in the mirror.            -Messenger E C Prophet:  Becoming God, 2010

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288.  Thus people themselves ruin the planet. They prefer half-measures, even quarter-measures, wishing only to remain undisturbed.  But let them be assured that the result is nothing but decomposition.            -Morya:  Supermundane 2, 1938

IMG_8376.JPG   -Kuan Yin, carved in Bali

 

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