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February 08, 2016, 11:41:41 PM Last edit: February 09, 2016, 07:27:34 AM by OROBTC |
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Here in the USA, the conditions of the European banks were the big story "causing" the stock market declines earlier today, especially on CNBS (erm, CNBC), our most prominent financial TV channel.
Zero Hedge has also been covering Deutsche's problems at considerable length. In addition to debt problems, they have enormous derivative exposure that might go *KAPOOM* if the cookies crumble the wrong way... Deutsche Bank is HUGE, and it would be a worldwide problem should it fail in a disorderly manner.
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