[Raster Man]

the CEO is in way above his head. He ran European banking for all of 6 months. Before that, he ran the “bad bank” and that fiasco is still sitting with ~$400B of bad assets. It is understatement to say that this guy is pompous...no self-respecting man would have a portrait made of himself that he did, the posed picture that is always published of him.

[uncommonsense]

Since Fannie/Freddie/Fed assumed almost all of the non-performing mortgage loans (much from Countrywide), the $400B must be revolving credit... If that's the case, WOW!