A Bank With $49 Trillion in Exposure to Derivatives – LewRockwell

Monday, July 22, 2019

We know that Deutsche Bank’s derivative tentacles extend into most of the major Wall Street banks. According to a 2016 reportfrom the International Monetary Fund (IMF), Deutsche Bank is heavily interconnected financially to JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley and Bank of America as well as other mega banks in Europe. The IMF concluded that Deutsche Bank posed a greater threat to global financial stability than any other bank as a result of these interconnections – and that was when its market capitalization was tens of billions of dollars larger than it is today.

Source: A Bank With $49 Trillion in Exposure to Derivatives – LewRockwell

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As I said after the last “crisis”, isn’t “too big to fail” really “too big to exist”?

Seems like the corporate tax code could be used effectively to mitigate this risk.  For example, a balance sheet that is bigger than the Federal budget is subject to a 5% excess tax.  And, no one can get a W2 for more than the President gets. How about that executives get 20 year non-transferable non-optionable corporate bonds for their compensation more than the President?  (Guess they’d have to be sure the Firm survives long enough for their bonds to pay off!)

Corporations are creations of the Gooferment and can be treated badly like this.

Oh, and yes, no “campaign contributions”!

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NBC News — or NBC propaganda?

Monday, July 22, 2019

Alternatively, NBC could provide time to policy experts from the conservative think tanks or from journals of opinion like The New Criterion, National Review, First Things or City Journal. To be fair, the network should allow each advocate similar amounts of air time and in the same format.

Source: NBC News — or NBC propaganda?

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It’s propaganda!

How about getting Joe the Plumber to do the interview?

Of course, they may have to bleep the “Are you @#$%^& kidding me?” that I’d expect from him.

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Posting a negative review online can get you sued – CBS News

Monday, July 22, 2019

“A SLAPP filer doesn’t go to court to seek justice; they are just trying to silence or harass or intimidate a critic of theirs,” Mascagni said.Some states have laws against SLAPP lawsuits, but there is no federal anti-SLAPP statute.Earlier this year, the Federal Trade Commission began cracking down on businesses that put gag clauses in their consumer contracts in violation of the Consumer Review Fairness Act.

Source: Posting a negative review online can get you sued – CBS News

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I was glad to read that the fellow stuck to his guns and made the veterinarians hurt.

That’s all the consumer can do is the internet version of tell 100 friends.

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