It's Not Just Deutsche Bank...
While broad-based contagion from Deustche Bank's disintegration is clear in European, US, and Asian bank risk, there is another major financial institution whose counterparty risk concerns just went vertical...
Credit Suisse...
With the stock at 27-year lows, it appears investors are seriously questioning Chief Executive Officer Tidjane Thiam’s restructuring plans.
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Free Spiderman towels for everyone!
Hey, I don't want to cause a panic or anything but... there might be something wrong with these banks.
Naaaah, they're fine. You'll see.
Shiny forever and ever, amen......
NO! NO! NO! ___________ is FINE! Do NOT take your money out!
-Cramer
BAC down 7% holy sheeet
… The best time to die is when there’s blood in the streets.
Even goldman stock is crashing down. There is a ZERO PERCENT chance they would be allowed to fail. Former execs heading almost every central bank.
Shows how dumb investors are.
But lets accept responsibility for any future problems they might have, just in case...
Credit Suisse's chairman seems very suntanned!
That is maybe not the best strategy with conservative investors.
Just wondering.
He just spent a few weeks at his isolated, off the grid, high security getaway compound with private airstrip and heli-pad to make sure all is in order for.... NO WAIT, i mean his little vacation home in NZ. Nothing to see here, really, don't worry we are covered (by your tax dollars and savings accounts).
Shameful
Shameful
Shameful
nah, just business as usual. the taxpayers will happily bail them all out and cover their yacht payments.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.wallstreet34.com
You're gonna need a bigger bazooka Mario. Maybe you ought to try this:
https://goo.gl/951g1W
The Gustav Gun. Very nice. Very nice.
I'm guessing that's when they do -100% NIRP and 80 quadrillion a month of QE at the same time.
This was always my preference, from just a few years later.
http://www.atlasobscura.com/articles/atomic-annie-the-nuclear-gun
Technically, none are Bazookas.
At this point, what does it matter.
Damn, that's both impressive and scary.
better hope it doesn't jam
That would be one helluva recoil.
MAD - Mutually Assured Destruction
Whole point of the short range was that it would put the commanding officer of the battery in a "Use or Lose It" position if the communist hords ever attacked, thus ensuring that any ground war against the Warsaw Pact would go nuclear almost immediately. Was supposed to deter the other side from ever starting anything knowing that things would spin out of control almost immediately.
"Crazy Like a Fox", or a little closer "As insane as a Wolverine", (A Bear will hesitate to attack or steal food from a Wolverine even though it's much more powerful than the Wolverine, as the wounds the Wolverine will inflict before it dies will almost certainly cause the Bear to eventually die as well). Bad for the individual Wolverine, but good for the species as a whole... I think a key phrase for a while there was "Better Dead Than Red"...
There is video of a wolverine fighting a bear... they are nasty little things. I would hate to run into one with rabies when out in the wild. I ran into a rabid racoon once by surprise (for both of us at about 10' away) and i hope to never have that happen again. Hopefully we never have a rabid leader in any of the nuclear...oh, north korea? and Iran? Pakistan? who else? Once again, Pink Floyd in my head..."goodbye cruel world, i'm leaving you today goodbye. goodbye. goodbye. I always thought a toilet flushing at the end of that song is missing but i am not a musical artist.
Personally, I was thinking that holding onto 60+ Trillion worth of derivates is both MAD and a little "wolverine" like...
Go ahead Mr. Central Banker, Don't bail me out, lets see if either of us survives this...
All banks are at risk now. The $600 trillion or so in derivatives will take down all the major banks should the dominoes begin to fall.
How to even unwind this. I would take off for the rest of my life and quit working for good. Start eating weeds and drinking water from springs.
"You fucked up, you trusted us" is the new world CB motto.......
: "You fucked up, you trusted us"..."HAAAA HAAAA HAAAA!!!!!!!!!!!!!!!!!!"
fixed it for you.
Nah, Goldman made sure Obama bailed out the banks for derivative failures in the financial reform bill...taxpayers are on the hook. The only failures will be in the interest rates that will plunge way into negative territory to get the cash needed to keep afloat...off the deposits of retirees. Those with the real money have long gotten out of banks.
It is only about 85,000 dollars per person on earth. I wonder how many of the 3.5 billion people who have dirt floors in their home have that in their account at the bank. How many of the 4 billion that make less than 4,000 dollars (eq.) a year have that in the bank? How many of the 7 billion people on earth would qualify for an 85,000 dollar loan? Ummm..."Houston, we have a problem..."
It's almost like these banks are all.... interconnected or something. Weird, huh?
You mean like the force? It surrounds us, combines us. Luminous being we are, not this crude matter.
https://youtu.be/PcjnbIF1yAA
Too much?
No, clearly their interconnection can't be explained any other way than by studying The Force. If there were any actual physical evidence they were interconnected we would have found it by now.
It's ALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
..THE FUCKING BIG GOD DAMNED BANKS....
ALL OF THEM.
It's ALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL GONE SOON
i thought china was suppose to blow up first. lol. that's what happens when private banks own your money.
China has been closed for a whole week...
There's lots of catching up to do!
China blew up late last year. But nobody noticed then. Now that China is not making payments on loans to DB et al is the shit hitting the fan.
Monday will bring Chinese crapola on a stick.
+++++!!!!!
24/7 no less, since 2008...
Hodor
Hodor
Hodor...
relax, everyone - they're too big to fail
They were promised.
The PR groups are having a hard time keeping up with the tweets, since English is not the first language of most H1B s.
Lets give Yellen a round of applause. Combined with The Dronemaster in the wh, and Boner and Mitch in Congress, we have the biggest Gang of Failures we've witnessed in a long time.
Putting your money in the bank right now is like putting your dick in a shark's mouth and hoping to get a blow job.
Which brings me to my joke:
One man is on a tightrope 200 metres above the ground. The other is getting a blow job from an 80 year old and yet both men are thinking the same thing. What are they thinking?
DON'T LOOK DOWN!!!
If Credit Suisse was long MOAR AAPL, everything would be fine.
LMFAO!!!
Huh, another "headwind". Whaddya know?
At first glance, I thought that Credit Suisse CDS chart was another gold price chart. Might as well be.
If I owned UWTI or any of those other Credit Suisse ETNs, I would make sure I read the fine print on the prospectus. UWTI which is one of the most actively traded issues is unsecured senior debt of Credit Suisse. From the prospectus:
In addition, any decline in our credit ratings, any adverse changes in the market’s view of our creditworthiness or any increase in our credit spreads is likely to adversely affect the market value of the ETNs prior to maturity
Good point. Luckily, there are only a handful of people who are exposed.