Via Shaun Bradley via TheAntiMedia.org
- “If those signs aren’t bad enough, Deutsche has also become the poster child for the ominous derivativesbubble. It, alone, has amassed an exposure of over $75 trillion dollars in these risky devices, which is almost equal to theannual GDP of the world”
- “This problem is by no means isolated to the European markets; the U.S. banks also drank the kool-aid, and believe it or not, helped create a quadrillion dollar mess”