Posted on 10/03/2022 6:01:05 AM PDT by RomanSoldier19
Credit Suisse and Deutsche Bank are reportedly on the verge of collapse. They have 2.7 trillion in assets under management between them. It’s three times the assets of Lehman at the time of the collapse.
On 15 September 2008, Lehman Brothers, a bank considered ‘too big to fail,’ filed for insolvency. It was the single largest bankruptcy filing in the history of the US. At the time, the bank had $639 billion in assets and $619 billion in debt.
Credit Suisse and Deutsche Bank are too big to fail. Some say Deutsche Bank will be okay, but Credit Suisse is the one that is in big trouble.
(Excerpt) Read more at independentsentinel.com ...
Selling insurance you can never pay out. Just another scam scheme of the “elites”
“They have 2.7 trillion in assets under management between them.”
If I had that much in ‘assets’, I doubt I would be teetering on bankruptcy.
By the way, Take that, Putin! We have a better system than you do!
In any case, these things tend to spread, so it might be good for people to verify that they don’t have more than $250k tied up at one institution.
In engineering, we would refer to it as a cascading failure.
2009 the bankettes were bailed out while working stiffs were shatt upon.
Bank collapses are good for business, their business.
When Lehman went down, they told us they were going to fix too big to fail.They came up with the large bank liquidation plans and that was about it. In other words, they put lipstick on the problem and allowed them to get even bigger. I guess it all plays into the globalist plan to impoverish America. Evil everywhere you look these days.
It’s almost as if the powers that be wanted to publicly transfer wealth to a bank [ie, lehman], and crafted a plan for it to “fail” to justify it.
The two Euro Banks are trivial when compared to what is happening in China.
The magnitude of the banking problems there is so large it is impossible to grasp
Great Recession
World War III
Great Depression
Great Reset
New World Order
Satan’s anti-messiah
It’s called a balance sheet because it is supposed to balance assets on one side, and liabilities and equity on the other side. The 2.7 Trillion with a T is just one side of the balance sheet, and represents a number in a vaccuum.
A few trillion is nothing. Take a look at who owns them:
MONOPOLY Who Owns The World?
https://rumble.com/vmyx1n-monopoly-who-owns-the-world-documentary-by-tim-gielen.html
What has happened? Liabilities associated with damages from Hurricane Ian?
Having been rewarded thru bailouts for their malfeasance in the last GFC is it any surprise the big banks have now dug an even deeper hole.
Deutsche Bank has been teetering on insolvency for years now.
The term is “moral hazard”.
Banks who took insane risks were bailed out—which means they now view all lending and speculation in financial instruments as “heads we win, tails you lose”.
BoE has something going on as well, I understand.
China’s banking and real estate issues will be exposed sometime. It’s inevitable.
I read something about them selling a ton of dollars?...
Yep.
If you go back and look at the 2008 housing/banking crisis you will find out that not everything was as it seemed.
Lehman had a balance sheet that may have allowed it to restructure with a loss. That is not what happened at all. The “regulators” broke it up and forced a fire sale to its competitors (the more connected “too big to fail banks”)...... who made a profit?
They did the same thing on a regional level with smaller banks.
They shifted their bad decisions and losses on to the taxpayer AND most damaging to all of us they opened the spigot and began to pump and prime the markets via the creation of dollars that were loaned to the “too big to fail” institutions who made a tidy sum for over a decade in the market.
They taxed the average American to save the elite of elites and all of them did quite well.
It was the greatest heist in history and we learned NOTHING. You don’t have a “free market” when government picks and chooses winners and losers.
They told Bush that the system would implode if they did not give away cheap money on the backs of our children and like all entitlements the “temporary need” turned into “long-term debt and greed”.
We popped one bubble (mortgage market) and from it was born the largest bubble in human history and now we are all sitting on top of it.
What is governments answer? More spending. More choosing winners and losers. More debt.
Those who don’t learn from history are doomed to repeat it.
China can’t shore up its own bubble if they have too much invested in foreign bubbles.
They are pulling their “wealth” to the mainland because they are going to need it.
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