the party's over for iceland
Santander has about a trillion dollars in assets, so a short position of a couple of hundred millions is totally insignificant, in addition to being a dumb play in the long term. As the banking industry is going to be thinned out, the remaining players will emerge stronger. Santander has been used as an example of what banks should have been doing.
I've always wanted to visit Iceland, but the thought of it just being a place festering with stretch humvees somehow doesn't make it all that appealing of a place.
Santander has about a trillion dollars in assets, so a short position of a couple of hundred millions is totally insignificant, in addition to being a dumb play in the long term. As the banking industry is going to be thinned out, the remaining players will emerge stronger. Santander has been used as an example of what banks should have been doing.
I've always wanted to visit Iceland, but the thought of it just being a place festering with stretch humvees somehow doesn't make it all that appealing of a place.
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