European Banks Are Crashing

From Deutsche Bank to Credit Suisse and from Barclays to Banco Popolare, the European banking system is getting battered this week with today’s plunge the biggest in 4 months

This is the worst two week drop in European banks since April 2012…

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2 Responses to European Banks Are Crashing

  1. LT says:

    It was inevitable. And obvious, to anyone paying attention. Even five years ago. I pray you got your money out while the gettin’ was good, because at this point it is effectively too late --

    From my postings back in 2012, “As I have previously stated, “DeutscheBank is the biggest bank in Germany, and Germany is the largest and strongest economy in Europe… so the consequences of any major damage (or cumulative smaller damaging events) to DB would very likely cascade throughout the Euro-Zone, with terminal results….
    Also of interest is that, because DB has such a large footprint in the US real-estate markets, the terminal results would be felt here without much delay, as any “restructuring” of Deutsche Bank NA’s assets (real estate loans) would cause a flurry of value assessments on the properties underlying those loans, as part of the “due diligence” process such an event would necessitate.

    By this mechanism, any restructuring of DB would likely trigger another major round of real-estate devaluation across the US.”

    https://ncrenegade.com//editorial/death-throes-of-deutsche-bank-and-impact-to-global-economies/
    https://ncrenegade.com//editorial/deutsche-bank-on-life-support/
    https://ncrenegade.com//uncategorized/the-full-financial-monte-is-coming/

    Any questions?

    • Tom Angle says:

      That might explain why our house dropped 33% of the appraised value after re-evaluation after we added a garage and remodeled almost the whole first floor.

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