Wait, did they actually sell credit default swaps on Italy and Greece?

SniperWish
SniperWish

Soros and his elite analysts disagree.
Gonna require a source.

BinaryMan
BinaryMan

No, it won't. But the markets will still do a -20%, a it'll take a whole 6 months to 1 year to recover. If EU doesn't break up before that, of course.

Techpill
Techpill

OP here, I didn't make a "happening" thread. I actually asked a non-rhetoric question and I want an actual answer on that. So, did DB sell CDSs on Greece or not?

TalkBomber
TalkBomber

see

If DB tanks they are literally

TOO BIG TO BAIL

TurtleCat
TurtleCat

see

you don't know enough about derivatives to have an opinion

askme
askme

Pro-tip: The Deutche Bank impending collapse has become a meme.

Don't trade memes.

Skullbone
Skullbone

Pro-tip: It's definitely happening. It's a maymay for a reason.

SniperWish
SniperWish

So I still haven't gotten an answer. I can't find anything about DB selling CDSs on the internet, but I remember reading about it on Veeky Forums some weeks ago. What's the deal with that?

girlDog
girlDog

Well almost all the companies had CDS before the financial crisis in order to hedge risk. Now banks they've developed the CoCos in order to hedge risk and to better in stress test due to the inpact in their CET1 and T1 equity.

Also the CDS seller will only have to make the payment if the debt issuer defaults which is highly improbable in the cases of Italy, Spain and Portugal. And Greece is currently under the bus but still with perspective of living (a miserable but still living) a life. 2014 is over, EU countries are more or less doing okay now. Let this only be a stupid meme in hapening threads.

lostmypassword
lostmypassword

French banks too... Complete radio silence deom there, but they are busy on rioting

Gigastrength
Gigastrength

Nah first day of panic is bad for human traders. Let the robots do the job. You should change your currency to USD and wait patiently for good buying spots.

PurpleCharger
PurpleCharger

fucking lol. my currency is already in USD mainly, gay. i'll be sure to stay tuned in to fucking Veeky Forums for fucking trading tips. lol!

Booteefool
Booteefool

german who imbibed propaganda detected

ZeroReborn
ZeroReborn

investopedia.com/articles/markets/062816/soros-bet-against-deutsche-bank-after-brexit-vote-db.asp

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