Comments on: Here We Go Time Draws Near With Unicredit http://fistfulofeuros.net/afoe/well-here-we-go-with-unicredit/ European Opinion Mon, 13 Feb 2012 07:39:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Canucklehead http://fistfulofeuros.net/afoe/well-here-we-go-with-unicredit/comment-page-1/#comment-24470 Canucklehead Thu, 19 Mar 2009 01:47:05 +0000 http://fistfulofeuros.net/?p=5106#comment-24470 Everyone is looking for a "context" to assess the viability of UniCredit. I suspect the context may well be found in Reinhart & Rogoff's paper: <a href="http://www.economics.harvard.edu/faculty/rogoff/files/This_Time_Is_Different.pdf" rel="nofollow">This Time Is Different</a> The smart money will sit on the sidelines for now. Everyone is looking for a “context” to assess the viability of UniCredit. I suspect the context may well be found in Reinhart & Rogoff’s paper:

This Time Is Different

The smart money will sit on the sidelines for now.

]]> By: Italienische und österreichische Banken « Der Don http://fistfulofeuros.net/afoe/well-here-we-go-with-unicredit/comment-page-1/#comment-24445 Italienische und österreichische Banken « Der Don Wed, 18 Mar 2009 16:35:07 +0000 http://fistfulofeuros.net/?p=5106#comment-24445 [...] März 18, 2009 · Keine Kommentare Unicredit Probleme [...] [...] März 18, 2009 · Keine Kommentare Unicredit Probleme [...]

]]> By: Edward Hugh http://fistfulofeuros.net/afoe/well-here-we-go-with-unicredit/comment-page-1/#comment-24440 Edward Hugh Wed, 18 Mar 2009 15:10:07 +0000 http://fistfulofeuros.net/?p=5106#comment-24440 Hello other Edward, Nice to see you over here. Very interesting insight, thanks. Hello other Edward,

Nice to see you over here. Very interesting insight, thanks.

]]> By: Edward Harrison http://fistfulofeuros.net/afoe/well-here-we-go-with-unicredit/comment-page-1/#comment-24438 Edward Harrison Wed, 18 Mar 2009 14:55:52 +0000 http://fistfulofeuros.net/?p=5106#comment-24438 Edward, I caught that news about HVB. Back in 1996, I worked as a consultant for the precursor organization Vereinsbank. It was clear soon thereafter that Bayerishe Hypo and Vereinsbank, which merged to form HVB, were laden with huge Eastern German debt exposure. Basically, the Germans went nuts in Eastern Germany after the wall fell and had a serious property crash. Fast forward 10 years and one can see the same practices and motivations at work, creating the disastrous writedowns we have just witnessed. These European banks writing down asset values are clearly serial offenders. In my view, their ability to escape previous nasty consequences only increased their appetite for risk, leading to the situation with which we are now faced. Edward,

I caught that news about HVB. Back in 1996, I worked as a consultant for the precursor organization Vereinsbank. It was clear soon thereafter that Bayerishe Hypo and Vereinsbank, which merged to form HVB, were laden with huge Eastern German debt exposure. Basically, the Germans went nuts in Eastern Germany after the wall fell and had a serious property crash.

Fast forward 10 years and one can see the same practices and motivations at work, creating the disastrous writedowns we have just witnessed.

These European banks writing down asset values are clearly serial offenders. In my view, their ability to escape previous nasty consequences only increased their appetite for risk, leading to the situation with which we are now faced.

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