Monday, May 31, 2010

What about the Deutsche banks?

How's their balance sheet? Thought you would never ask! Have you ever heard of counterparty risk...its waiting for the perfect moment to trigger the next shoe to drop. Right on-time! By-the-way, who do you think is one of the largest counterparties on the other side of the JPM 79 trillion ponzi scheme derivatives book? You guess right if you said Deutsche Bank. European banks are in trouble and so are the US counterparts...lets see what Bernake can come up with this time.
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