Saturday, June 2, 2012

EU To Extend Probe On State Aid Given To Dexia


Dexia, the crisis plagued Franco-Belgian-Luxembourg bank on life support has the number of "doctors" around it scratching their heads. Comes along the regulator, who thinks that the treatment might be illegal:

http://online.wsj.com/article/BT-CO-20120531-716485.html

It certainly reeks of therapeutic relentlessness. By the way, many of the good fine weather doctors have left the Board when things got too ugly. They had a good ride though.

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