IT glitch eh?
Then you should have no trouble giving me all my money today.
Right?
1 posted on
10/02/2016 4:16:01 PM PDT by
Mariner
To: Mariner
2 posted on
10/02/2016 4:17:05 PM PDT by
dfwgator
To: Mariner
3 posted on
10/02/2016 4:20:04 PM PDT by
wattojawa
(If you raise a 0 to a higher power it remains a 0)
To: Mariner
Another Greece, eh??? Merkel has really left a mark on Germany...so to speak.
4 posted on
10/02/2016 4:27:54 PM PDT by
EagleUSA
To: Mariner
“IT glitch” is the new “the check is in the mail.”
5 posted on
10/02/2016 4:29:54 PM PDT by
bgill
(From the CDC site, "We don't know how people are infected with Ebola")
To: Mariner
Who knew that collateralizing an international banking conglomerate on derivatives in excess of the GDP of most of the developed countries in the world during times of a world wide economic down turn and an Obama administration was a bad thing?
7 posted on
10/02/2016 4:39:51 PM PDT by
VTenigma
(The Democrat party is the party of the mathematically challenged)
To: Mariner
It really depends on the terms and conditions of the derivatives contracts. There may be penalties if you want to unwind them. Conversely, DB may have to put up more collateral if its credit rating falls.
Nobody knows what is in these contracts, except for DB.
To: Mariner
What sort of idiot doesn't keep operating expenses out of the bank?
I'll say it once: "Your 'money in the bank' is electrons. All it takes is a phone call to the IT guy in the back, and you ain't got no money."
12 posted on
10/02/2016 5:12:38 PM PDT by
kiryandil
(George H. W. Bush: "Read my lips. I'm a Republican.")
To: Mariner
“...a disturbing “IT glitch.””
All the IT guys figured out what was going on and decided to take their share before they split?
13 posted on
10/02/2016 5:30:21 PM PDT by
VanShuyten
("a shadow...draped nobly in the folds of a gorgeous eloquence.")
To: Mariner
All the collateral parties to DB's derivatives are marching in place until something triggers. The US DOJ "fine" is not resolved. That could be enough to destabilize those static relationships. Just a little wave and the whole mess comes unraveled. The rumor of the $5 billion settlement with US DOJ caused a rally in DB stock on Friday. It turns out not to be true. Tuesday morning should be "interesting" for DB stock. DB is being sued by Monte dei Paschi too...just to throw some gasoline on the fire.
21 posted on
10/02/2016 11:12:44 PM PDT by
Myrddin
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