Wed, 29 June 2016
Deutsche Bank is Lehman plus Bear Sterns plus Enron squared. It has the worst of all possible problems. Will it bring down the world financial system. It's levered beyond all belief. Gordon has shorted it. Gordon believes they're on the wrong end of many derivative trades. How will the world's central bankers shut it down, should the day arrive? No one knows the answer to this question. The government will have to step in and save the day.
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