Monday, May 19, 2014

Hair of the dog

So about that European banking crisis, at least all the years of austerity and bank bailouts have moved us on from 2008-09 where banks were rushing to Qatari royals looking for capital -- like Barclays, UBS, and Kaupthing.

Except that, er, Germany's biggest bank, Deutsche Bank is rushing to Qatari royals looking for capital.

Let's hope they're not lending the Qataris money to buy the shares, as happened with Barclays and UBS. Or that if they are, they have a "the regulator said it was OK" defence, like with Anglo Irish.

But remember, those EU banking policies are working!