Yes, of course. All major dealer-broker, Federal Reserve banks are too big to fail. We know that already.
Our monetary system is a fascist/socialist, highly political, centrally planned operation, used as an organ of state power.
I’ve grown sleepy watching for black swans, but still, could this be it?
How do these banks go broke? They steal from everyone, overcharge and cheat everyone. Execs take huge salaries. I can’t get a home loan or refinancing without them crawling up my butt and making me secure and guarantee everything.
Then they go broke?
Well, bully good for them. But don’t make me pay for it.
Of course, like all of these large banks, including those in the U.S., when their fecklessness in granting loans with no collateral catches up to them, to whom do they go for the bailout. THE TAXPAYERS, THAT’S WHO.
Yra Harris on the importance of DB (posted within the past 24 hours):
Here we go again....
Couldn’t happen to a much more deserving bunch, and they are getting off easy whatever happens here.
Don’t care... if Germany doesn’t want to save them, let the bank fail.
And that will cause problems here? Oh well, our ‘elites’ will have to suffer...
Is Merkle going to invade the Sudetenland? Where else will Deutschland get the resources and capital?
France has nukes, so the only other option is Belgium.
Oh, one more thing. Poland is ready this time.
Germans are very reluctant to “print.” The cultural memory of Weimar hyperinflation is still very strong there.
This is a bank with $16 Billion in equity, $160 Billion in debts. Supposedly, their derivatives exposure is greater than the value of German assets, both private and public.
Who allows a bank to have 10 times its assets in debt? And such large derivative exposure. I admit sometimes when reading this stuff, my tinfoil hat goes on and I wonder if there isn’t a group of people plotting to collapse the world economy and everything else.