2/21/09

Europe's entire banking system on the edge of the abyss [Updated]

by gjohnsit Sat Feb 21, 2009 at 11:53:56 AM PST

This headline is scary enough.

European bank bail-out could push EU into crisis The article talks in vague terms about "secret reports". The problem is that the article has been changed. A Google search will reveal it's original headline which is much scarier.

European banks may need £16.3 trillion bail-out, EC document warns.

gjohnsit's diary:

The Telegraph changed more than the headline. They had also removed two paragraphs from the original news article. Fortunately other blogs had captured those missing paragraphs.

Read on...

It is the weekend, and Peacenik is enjoying Hockey Day in Canada, particularly Montreal playing well. Punditman encourages Peacenik to not post on the weekends. But when Peacenik sees the word "ABYSS" in a headline, Peacenik cannnot help Peacenik's self. The situation is so DIRE, (another word that Peacenik can't resist) that the media is censoring itself. That's right, the world is on the verge of PANIC (Peacenik like word). The BLACK HOLE OF DEBT (Peacenik's favorite) is insatiable. Peacenik hopes gjohnsit maybe had too much to drink on the weekend and is just being ALARMIST. But Peacenik continues to prepare for DOOMSDAY in any case. Go Leafs Go. And Peacenik thinks Sundin deserves to be cheered tonight.