-
Paolo posted an update 9 years, 9 months ago
@joseph Here is something to cogitate:
Back in 2008, Lehman burnt to the ground with about 3% capitol assets. (Cash in the vault) All it took was little real estate hick-up to push that Lion Of Babylon into bankruptcy. This collapse put into play the Lehman Event, almost causing a global financial meltdown. Some even called it a Financial 9/11.
Today, with over $70 Trillion notional value (seventy trillion) of admitted global derivatives exposure, Deutsche Bank has far less capitol assets than Lehman had.
Deutsche is having a hard time holding it’s head above the proverbial water.
Italian banks, with over $360 Billion in risk exposure, have even less capitol reserves than Deutsche…they even have lower capitol reserves that banks in Bangladesh.
Um….yeah. Got to cut this short, I seem to have misplaced my E-Ticket to the fallout shelter. Need to go look for that right now.
The Giza Forum (Legacy)
Closed Archive of The Old Forum