BREAKING: the EU Closes Week With A Friday Night Cluster Bomb :Warns Of Pervasive Bank Restructuring

[stockholmer]

http://www.zerohedge.com/article/europe-closes-week-friday-night-mad-cluster-bomb-warns-pervasive-bank-restructuring

Even as America has an insolvent government and a debt ceiling to deal with in the only way it knows - Mutual Assured Destruction, Europe still has a insolvent banking system 10 times greater than America's to worry about. Which explains the following Friday night bomb (because it is past 6pm in Europe). From DJ:

•15:52 29Apr11 DJN-DJ EU PAPER: LARGE PARTS OF BANK RESTRUCTURINGS YET TO COME
•15:54 29Apr11 DJN-DJ EU: "DISTINCT VULNERABILITIES REMAIN" IN EU BANK SECTOR
•15:55 29Apr11 DJN-DJ EU: ROLL-OVER RISK STILL PRESENT IN SOVEREIGN DEBT MARKETS
•16:05 29Apr11 DJN-DJ EU: EXIT FROM GOVERNMENT BANK BAILOUTS MAY SPUR M&A WAVE
•16:13 29Apr11 DJN-DJ EU: THREAT OF PRIVATE CREDITOR LIABILITY "BADLY RECEIVED"
Translation of bolded: if you hear gronin', MAD's a-bonin' (taxpayers)


The headlines come from the following 72 page report which has so far not been caught by anyone in the press.

http://register.consilium.europa.eu/pdf/en/11/st09/st09392.en11.pdf

[aquart]

1. But the bonuses were paid as usual?

And none of the bankers are in jail?

[rurallib]

2. LOOK! OVER THERE => A royal wedding!

thefinancialsystemisabouttocollapse SHHHH!

[femrap]

3. A wedding is a good Circus for all.

However, the Bread supply is getting awfully low...