Trump to issue orders targeting Dodd-Frank, retirement advice rule
- Thread starter blackzeus
- Start date
MalikX
Superstar
Less regulation for banks won’t help the economy if bankers lead us into another financial meltdown like 2008.
It's not if, it's when. The derivative bubble is going to pop in the next couple years, maybe next month. And when it does, there won't be too many options to backstop it.
Futuristic Eskimo
All Star
Explain where the risk is. Notional value of derivatives is not a measure of risk.
MalikX
Superstar
Deutsche Bank is supposedly holding alot of off balance sheet debt, most of it tied in derivatives. They cooked the books to hide Paschi's $400 million dollar loss. They lost 2 billion euros this year. Lost 6 billion euros last year. They cut thousands in staff. They fired staff today. Facing criminal trials. There's fear that there's more they're hiding and if it goes left, it's over breh. They're one of the three largest European banks. Germany's largest bank.
Forbes Welcome
How Deutsche Bank Made a $462 Million Loss Disappear
Deutsche Bank shares slide 6% after posting worse-than-expected $2 billion loss in fourth quarter
Futuristic Eskimo
All Star
Your thesis rests on Deutsche going down and the German government not backstopping (ridiculous position) creating losses down the counterparty chain?
Short banks stocks and put your money where your mouth is. If you think the "derivative bubble" is going to collapse simply because Deutsche is a shyt bank and keeps getting hit with fines (which it has capital reserves against and which is driving their recent losses), you should hit the drawing board again.
Where is the market risk? In 07, you could've answered that with MBS/CDO/etc.. What is it now?
MalikX
Superstar
There's no way in hell you watched any of those videos or read any of those articles in a matter of 5 minutes. So, I'mma take your whole comment with a grain of salt. Considering the Bloomberg article is at least a 20 minute read itself. As far as ridiculous positions go, Lehman Brothers thought the same thing. Where are they now? I'mma listen to the insight of guys who started hedge funds and are worth 9 figures over contrarians on The Coli.
As far as your other comment, I don't know enough about investing to short (which is dangerous if you don't). I will buy tons when the economy goes to shyt though.
It's not a matter of if it's whenLess regulation for banks won’t help the economy if bankers lead us into another financial meltdown like 2008.
Trump needs to get impeached right now
They literally have no soul at all
Menelik II
I wanna see receipts!
"bu bu bu but hilary was in bed with the Wall St though"
