and it begins now…
This week begins the 2nd half of March and the lead in to massive 1st quarter bank write-downs. The Rumors of the Deutsche Bank Derivative Implosion have been confirmed by the pending sale of $1.1 TRILLION in derivatives to the “3 Horsemen” of the USA derivative implosion: JP Morgan, Goldman Sachs and Citigroup.
JP Morgan, Goldman Said to Discuss Buying Deutsche Bank Swaps
“Deutsche Bank AG, the lender exiting some trading operations, is in talks with JPMorgan Chase & Co., Goldman Sachs Group Inc. and Citigroup Inc. to sell the last batches of about 1 trillion euros ($1.1 trillion) in complex financial instruments, people with knowledge of the matter said.”
Did you notice how Citigroup is a bidder but was left out of the title of the Bloomberg article?
That’s because this deal will put the American TAXPAYER on the hook for another $1.1 Trillion in toxic derivatives!
All of which will have to be paid out BEFORE the FDIC pays out any other insured deposits including YOUR checking and savings accounts!
Listen to WHY the 1st quarter write-downs will be so devastating here:
Mass Awakening Followed By Chaos
May the Road you choose be the Right Road.