Just the lesser of two evils.. What other choice is there
The way I see it the choice(yes,lesser of 2 evils) is roughly the status quo or someone who ,there is a good chance,is not capable of the job,when you think of how complicated being the top dog for the worlds only empire must be. Maybe another way to look at it is in terms of job applicants.Normally you would have to convince the employer you have the experience to handle the job. I personally dont think Trump would even make it in the door ,let alone make it to the short list.
This is one of those bizarre situations where a bunch of totally inexperienced (alot uneducated) are making the decision on that(voters)
As the saying goes ''Democracy without education ..is Hippocracy without limitations.''
How about Douche Bank, now there's a calamity in the making. Something like $46 trillion derivatives exposure! Trying to negotiate down a $14 billion penalty. Too big to fail?
How about Douche Bank, now there's a calamity in the making. Something like $46 trillion derivatives exposure! Trying to negotiate down a $14 billion penalty. Too big to fail?
Their business model is fundamentally flawed. However they are still solvent and have over $200B in liquidity reserves if needed.
To me, the main Issues are:
- Contagion risk
- More clients pulling excess capital (essentially a bank run)
- Inability to pay coupons on their CoCo bonds, or even triggering the bonds themselves.
- Need to raise more capital to meet capital requirements? Becoming more expensive to do that through equity raising.
- DOJ settlement is a lot more than the market is expecting
- A bail out/bail in decision becomes political, election next year in Germany so Merkel is not willing to make tough decisions, could be disastrous in the event of DB needing help (ECB, Germany, WB)
Originally Posted by janner
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