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To: Robohogs who wrote (109610)	8/13/2018 3:26:52 AM
From: Robohogs	Respond to of 222105

Now you guys have me reading Badel discussion of soverign debt risk lol. More due to guy commenting on US local banks replacing Fed at no capital cost (he ignored funding cost - big error imho). Data is old but banks not a big player in US either. bis.org

To: Robohogs who wrote (109610)	8/13/2018 3:37:02 AM
From: John Pitera	3 Recommendations Recommended By Hawkmoon Machaon toccodolce Read Replies (1) \| Respond to of 222105

There are several major European banks with major exposure to Turkey, BNP Paribas, Unicredit BBVA...... One of the banks owns 50% of a Turkish Banks........ no there is hell to pay with this currency crisis.... and the emerging market contagion....... Message 31739235 read this very closely and think about whose blood / money is going to go to money heaven in this exercise Message 31739964 the area where I believe bob is incorrect, the FED will not help out...... it will be the IMF that will need to help them out. You have an insane leader of the country who is accusing the world of engaging in war against his country........ and he just instituted himself in power for life.... and placed his son - in-law as finance minister... all very, very shaky..... and now they shall tumble .... like the tower of babel..... John