No English link (yet) but the story in Holland is the ING chairman is in the US this weekend exploring if ING, that has a large US exposure, might apply for US government aid under the rules set out by the FED and Treasury.
ING has a 1.3 $trillion balance sheet, leverage ratio 60 and in my view globaly systemic.
Let's see how this works out.
I believe some kind of rescue plan is urgent and will find it's way to the newsmedia before the end of this weekend.
http://www.volkskrant.nl/economie/article1152612.ece/ING_zet_in_op_Amerikaanse_steun
ING has a 1.3 $trillion balance sheet, leverage ratio 60 and in my view globaly systemic.
Let's see how this works out.
I believe some kind of rescue plan is urgent and will find it's way to the newsmedia before the end of this weekend.
http://www.volkskrant.nl/economie/article1152612.ece/ING_zet_in_op_Amerikaanse_steun