The complete and total collapse of Deutsche Bank would be an event many times more significant for the global financial system than the collapse of Lehman Brothers was. Global leaders simply cannot afford for such a thing to happen, but without serious intervention it appears that is precisely where we are heading.
Read More »
We are heading for a derivatives crisis unlike anything that we have ever seen. It is going to make the financial meltdown of 2008 look like a walk in the park.
Read More »Supposedly "insured" depositors in Cyprus thought there was nothing to worry about until they woke up on Saturday with a haircut between 6.75% and 9.9% on their money in the bank. Today the American Banking Association reminded Americans that there is absolutely nothing to worry about when it comes to the sanctity of US deposits. [Really?] Words: 385; Table: 1
Read More »
munKNEE.com Your Key to Making Money