German officials could be about to find themselves in an uncomfortable position: Being called on to show they’re ready to rescue a bank in a part of the world where such operations are considered taboo.
Deutsche Bank came under intensified market fire Thursday, the latest salvo being a Bloomberg report that a small number of hedge funds are trimming their sails at the German bank.
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Time For Truth: (CNBC) – Pressure is building for Germany to show it's ready to rescue Deutsche Bank
Trump is crazy. He’s a loose cannon. He’s such a crazy loose cannon that he probably wouldn’t take $400 million in foreign currency, load it on cargo pallets, put it on an unmarked plane and then have no idea who actually got the money. Only sensible experts in diplomacy like Obama and his cohort would do something like that.
The State Department revealed in a press briefing Monday that they do not know who in Iran picked up the $400 million that the Obama administration airlifted to Iran as leverage to get American hostages released.
Among the bigger financial problems covered in depth on Zero Hedge over the past several years, have been China’s massive amount of newly created credit adding to an already unsustaimable debt load (estimated as high as 350%), its rapidly growing bad debt pile (what we call China’s “neutron bomb” which as we first estimated last October is about 20% of total bank debt), and its sub-prime real estate bubble. Lately many others – especially Kyle Bass – have also started looking the same problems and asking a simple question: what is the real repayment ability of Chinese corporates now that this credit monster has been unleashed, and is the NPL problem isolated to just real estate.
For those answers, we look at a recent Natixis report.