Quote of The Day: Why France's Biggest Banks Are In Deep Trouble

This scary statistic from a BNP Paribas bank executive who declined to be named...

"The total debt of the three big U.S. banks (Bank of America, JP Morgan and Citigroup) is $5.86 trillion, or 39% of U.S. GDP, while the debts of BNP Paribas, Crédit Agricole and Société Générale (France's three biggest banks) come to €4.7 trillion, or 250% of French GDP."