EU Banks : US $ 8 Trillion assets

Are European banks desperate to avoid recognizing a possible loss on their 8 Trillion Dollar US-Holding assets?


US assets, owned by European banks, increased from $2 trillion in 1999 to around $8 trillion in 2009.

In 2008 the Fed lent $600 billion to European central banks to make up for collapse of dollar funding from US money market funds.



What do, as an actuary, make up from this?

Interested? Read more about this possible time bomb at:

Market Skeptics

Moreover the Fed moves that would more than double its balance-sheet assets by September to $4.5 trillion from $1.9 trillion.

This will imply a 15-Fold Increase In US Monetary Base in September 2009.

"Trust" will be a key word in 2009!

Credit Crisis Visualized

As an actuary, your friends or family often ask you to explain the credit crisis in simple words.

Questions like: Mr. Actuary, what is a CDO?

Don't waste any more time explaining, just show them the next Vimeo.



The Crisis of Credit Visualized from Jonathan Jarvis.

Saves you hours of explaining.....

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