Wall Street Manna

An irreverent look at Wall Street

Friday, February 20, 2009

Hypo Real Estate in Germany has huge hidden losses

But they are embedded in billions and billions of derivative contracts that are supposedly "hellish." $600 billion euros of this junk is off-balance sheet.
http://www.handelsblatt.com/unternehmen/banken-versicherungen/die-hre-und-die-1-000-000-000-000-euro-frage;2164369

The Google translation;
http://translate.google.com/translate?prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.handelsblatt.com%2Funternehmen%2Fbanken-versicherungen%2Fdie-hre-und-die-1-000-000-000-000-euro-frage%3B2164369%3B2&sl=de&tl=en&history_state0=

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