They are the current and next casualty of this crisis. A good friend of mine who is a very successful hedge fund manager, has turned his attention from the US to start shorting European financials... and he's right!
Those who bought ABN AMRO are struggling: Fortis had to be rescued by the Belgium government and today, RBS lost close to 40% of its value. All large publicly listed banks are vulnerable.
If you already lost 50% of your money, you don't want to loose another 50%!
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