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Saturday, Oct 24, 2020

The Bank Runs Begin At Deutsche Bank

The collapse of Deutsche Bank is approaching and for the most part it is has been a slow moving wreck. But everything may have just changed. Bank runs have broken out from US hedge funds concerned over having their capital frozen indefinitely in a Lehman Brothers type collapse of Deutsche Bank. This has been in motion since 2008 and Deutsche Bank has never regained it's former glory. Now the planned demo of DB continues to break the too big to fail bank into much more manageable pieces.

Quote of the Day

“If no one had an army, armies would not be needed. But the same can be said of most lobbyists, PR specialists, telemarketers, and corporate lawyers. Also, like literal goons, they have a largely negative impact on society. I think almost anyone would concur that, were all telemarketers to disappear, the world would be a better place.”
― David Graeber, Bullshit Jobs: A Theory

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