Pressure is building for Germany to show it's ready to rescue Deutsche Bank

CNBC ^ | 29 Sep 16 | Jef Cox

[SkyPilot]

Thanks for the better picture and the links:

[SkyPilot]

Exactly.

The banks and markets want another "bailout" - but it isn't possible this time.

There isn't enough money to cover the casino debt. Not by half. Not even by 10th.

That "Derivative Bomb" we have been hearing about for year just got the arming switch placed to "ARM."

[SkyPilot]

[Chgogal]

Thank TigerLikesRooster. I just passed it on.

: )

[Diana in Wisconsin]

We are so screwed.

[WENDLE]

Watch your bank closely. This could be a mud slide!!

[Tea Party Terrorist]

Yeah because bailing out big banks has worked out so well in the past.

How many tens of millions of Euro’s will DB execs collect upon bailout?

[wolfman]

Elul 29 just days away. The day economic collapses happen.

[montag813]

This "news" is B.S. If there was a true threat, gold and especially U.S. bonds would be spiking BIG time. Both were virtually unchanged today, and are flatlined afterhours.

Friday could be different as Monday is a bank holiday in Germany, and if there really are a majority of worried stakeholders, they may panic tomorrow.

[vooch]

Berlin is unlikely to bail out DB, most likely a bail-in will be structured. unsecured creditors ( aka depositers ) will get equity in a new DB p instead of their money.

it’s akin to Chp. 11 in US but designed to rip off depositers

[SaveFerris]

Can’t quite quantify it...Had a kinda bad feeling in my gut 2 nights ago and the night before that. Odd. Not going to claim it was anything else but that.

Maybe it was the jobs I applied for. As usual, a complete waste of time.

Stay alert, FRiends.

[SaveFerris]

All too true. And the Democrats and their Uniparty RINO buddies keep acting like all is well.

[Parmy]

Europe has been off any kind of standard since WW2. And the Euro is fiat money. That is, it is nothing but colored, printed paper.

[KTM rider]

Last time EU needed a bailout, Libya got whacked and looted, i find it interesting that kerry is turning up the heat on Syria again.coincidence i suppose

[metmom]

Gold? What gold?

I lost all mine in a tragic boating accident years ago.

Besides, the metals of value that one is going to want and need is not gold.

[SkyPilot]

It is more complicated than that. Yes, the Euro is fiat currency, like all others. But the entire European union is tied to it. Germany did not allow other nations to bail out their own banks, now they are hard pressed to bail out one of their own. Also, Deutsch bank has his fingers into the assets of over half of Germany as wealth. The entire € could collapse overnight. If that happens, the only option is to have the World Bank take over.

[SkyPilot]

Correct. If something major happens, it will probably occur by the end of October.

[Parmy]

Yes, that is the function of the World Bank, to bail out these banks who make, for the lack of a better word, risky loans.

There is a book: The Journey to Jeckell Island by Edward Griffin.

I explains, quite succinctly, the purpose of the Federal Reserve and then the world banks.

[Dragonfly]

And possibly a Muslim scholar as the next president.

http://www.dw.com/en/navid-kermani-a-political-thinker/a-18527485

http://www.faz.net/aktuell/feuilleton/debatten/kermani-als-bundespraesident-ein-muslim-und-patriot-14459501.html (for those who read German)