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RE: Italian Government BUYING OUT BANKS: COLLAPSE IMMINENT?
Monte dei Paschi is also the oldest bank on the planet. It would be pretty momentus if it crashed.
Great post, followed.
Monte dei Paschi is also the oldest bank on the planet. It would be pretty momentus if it crashed.
Great post, followed.
Thanks for the compliment and follow!
Lehman Brothers was operational since 1850 and functioned for 158 years before its collapse in 2008, which still serves as a textbook example of a seemingly timeless institution failing. Monte dei Paschi collapsing would definitely send both financial and physiological shock waves throughout the world..