Left versus Right as a Political shorthand is nonsense. The true Political spectrum is Libertarian versus Authoritarian
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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