Wednesday, October 12, 2016

Deutsche Bank's distress is symptomatic of malaise from too big to fail banks

Deutsche Bank's distress is symptomatic of malaise from too big to fail banks. Assets locked up in derivatives, best described by Warren Buffet as weapons of wealth destruction, and stagnant loans, mostly ordered by the government to support Greece and other Euro deadbeats. Germany doesn't need another Bundesbank. It shouldn't help out Deutsche weather its permanent malaise but break it up so it does something useful rather be the rug all the problems are swept under.

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