No I disagreed and still do… It is too late, for banks to raise capital should the intent to be Markets reassurance … doesn’t  make sense now unless states buy the paper. It was necessary since Lehman’s collapse exposed the weaknesses of continental europe, a true stress test no cheat and should have been done following the bailout payments, for a little while, following the move, those institutions able to pay back govs had little time to raise capital and improve their ratios and restore even further both trust and lending, but they didn’t and it is too late now for that. To get them out the storm the last option is to unload their books of all the toxic sovereign assets, then raise capital.

?? Cramer  had a funny one EU regulators clueless..??? Seen it? What is remarkable there is u have no one absolutely no one to say what President Obama had no problem sayin, I mean, at the time he said the regulators were slipping at the switch…. but there…. nothing, everybody did just fine, nobody made mistakes… oh, yeah. the Greek previous gov, a small devil, and Super Devil LLoyd who helped the small one dodged the EU…. according to the cute bureaucracy… With the scale of the consequences of their careless job whether politicians or bureaucrats, I just wonder if they understand that by saying that it makes them the world worst bench of dummies ever in power?