Monte dei Paschi Bailout May Include Government Ownership

The impending government bailout of troubled Italian banks, led by Banca Monte dei Paschi di Siena, a whisper conversation during the Brexit vote, is coming front and center as partial government ownership is one reported potential outcome. The move for a sovereign government to grapple with the systematic bank failure comes as the Minneapolis Federal Reserve bank is finishing its report on ending the “too big to fail” bank phenomena in the US. Also see Q3 2016 Hedge Fund Letters Steve Eisman On Italian Banks – You Are all Screwed Government may take more than a 50% stake in Monte…