Moody’s: “Wanna Dance” BNP?

With my tea this morning I see that Moody’s is threatening 3 of the largest French banks

The effects of Greek default could be “Significant”. Oui, oui…

  • Exposure
    • BNP Paribas- 5 Billion
    • Société Générale – 2.5 Billion
    • Crédit Agricole – 600 Million

All the banks (with the Euro) are heading lower this morning, which isn’t really too much of a surprise.

But consider the affaire Kerviel, he rests accused of losing 4.8 Billion for SocGen, just for perspective. It’s still a great story!

Is the Euro really doomed? Not yet… Calm down talking heads.