the real issue here is the central bank authority which should do the supervision on private banks. a significant number of italian banks right now are under a

the real issue here is the central bank authority which should do the supervision on private banks. a significant number of italian banks right now are under a commissioner from the central bank for being near death in the past decade after the subprime crisis. that's a serious thing: the whole cda gets thrown out and replaced by cronies from the central bank. now it's surfacing that these cronies, who should have done nothing but supervise, have no idea of how deep the bank they're directly supervising rabbit hole is. (the central bank supervises all others indirectly at least) but this is kept under wrap for now from the general public. it's very easy to keep these thing from people minds as everyone just want to look elsewhere when faced with a problem larger than their close group of friend. and that's making matter worse. a new kind of financial crisis is brewing here.