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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (4306)	9/30/2016 1:58:57 AM
From: Robohogs	1 Recommendation Recommended By Kirk © Read Replies (1) \| Respond to of 26439

BUT hedgies are shorting AND pulling accts. Assholes. Jon

To: Kirk © who wrote (4306)	9/30/2016 5:36:41 AM
From: robert b furman	1 Recommendation Recommended By Kirk © Read Replies (3) \| Respond to of 26439

HI Kirk, I don't trust anything european. Too many politicians. Too many old slow laws. Investment banks all went BK i.e Lehman or got absorbed by FDIC Banks. DB is an investment bank and has over leveraged their assets. It could be a death run and absorbed by the german govt through another german bank i.e. JP Chase absorbed Bear Stearns, or ECB. This is 2008 all over again - you'd think in 8 years those fine bureaucrats would have raised capital and wound down the leverage. The DOJ and their 14 billion penalty created the mess - nice work DOJ. I wonder if that is the rogue wave in the ocean - they probably didn't even ask the fed if that would collapse the banking system and counterparty risk. Some poor sob is sitting on top of 49 trillion notional risk in dreivatives wondering if the DOJ impsed fine comes first or last. I'm sitting this one out and watching / hoping no contagion comes just as US MMF can impose fees or lock up money starting Oct 1st. This could get ugly beyond any ones ability to correct ? I still have some nets out.But not on a european bank<smile> Bob