Thread regarding Bank of America layoffs

Eerily reminiscent of the collapse of Lehman Brothers https://www.zerohedge.com/news/2019-07-16/bank-run-deutsche-bank-clients-are-pulling-1-bil

The collapse of Deutsch Bank has been a long time coming but it’s here now and eerily reminiscent of the fall of Lehman Brothers. Although, taking place in Europe, US banks will be affected.

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Post ID: @104viYFx

4 replies (most recent on top)

DB’s problem is irresponsible risk taking
https://www.thelayoff.com/t/Y6zgGOX

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Post ID: @104viYFx-3wpt

Post ID: @104viYFx-2kel Reply:

There are not millions, not billions, not trillions but quadrillions of derivatives. Derivatives almost destroyed the banks in 2007 and 2008, if it were not for stimulus money. The big four are loaded with derivatives. Not a good sign when such a large bank buckles. There is a nice article which discusses the derivative ‘time bomb’. https://seekingalpha.com/article/4046338-derivatives-explode-like-bomb

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Post ID: @104viYFx-2nen

The bigger they are, the harder they fall. The real question is what is BOA and the Big 4 bank's exposure, if any, when Deutsche fails. Ricochet effect.

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Post ID: @104viYFx-2kel

Sorry, here is the link : Eerily reminiscent of Lehman Brothers https://www.zerohedge.com/news/2019-07-16/bank-run-deutsche-bank-clients-are-pulling-1-billion-day

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Post ID: @104viYFx-1lsg

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