- Above 50% would jeopardize trust in Italian and other debt markets
- French banks able to raise capital on own
- Banks must accept sacrifices
Dow Jones carries the comments.
What haven’t the French banks gone ahead and raised capital on their own, then? It is no secret who they are. The market would be soothed to see significant amounts of capital raised, but they don’t do it. Why? Cause it ain’t gona be easy, or cheap. That’s why. They want the cheap government bailout, not expensive market-based capital…
