tag:blogger.com,1999:blog-3758330678390419129.post948081687984410578..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: What Are German Banks Hiding?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3758330678390419129.post-88877107211924564522010-07-26T23:28:33.544-04:002010-07-26T23:28:33.544-04:00The Irish Times notes that six of the 14 German ba...The Irish Times notes that six of the 14 German banks tested – Deutsche Bank, Postbank, Hypo Real Estate, mutual groups DZ and WGZ, and Landesbank Berlin – did not publish the expected detailed breakdown of sovereign debt holdings, fuelling suspicion they had something to hide. <br /><br />Arnoud Vossen, Secretary-General of the CEBS, said it had agreed with all supervisory authorities and with Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-42049818137272214032010-07-26T01:39:00.859-04:002010-07-26T01:39:00.859-04:00Out here in upper middle class southern California...Out here in upper middle class southern California many many many property listings are REO by German banks. We're talking about millions of dollars of NPAs that will likely take a 20-30% haircut even at the listing price. These assets probably weren't even considered for the stress test.Anonymousnoreply@blogger.com