Replies to post #302717 on Option Millionaires

[uranium-pinto-beans]

Worries about European banks aren't just trained on Deutsche Bank
Europe's problems with some of its largest financial institutions could spill over into the rest of the global market.
Deutsche Bank's shares were sinking on Thursday on a report that a group of hedge funds were reducing their exposure (http://www.marketwatch.com/story/deutsche-bank-shares-tumble-after-report-says-some-clients-reduce-collateral-on-trades-2016-09-29) to the giant financial institution
That is the claim of at least one financial blogger, Wolf Richter , who wrote on Wednesday that deep-seated concerns about Deutsche Bank's ability to raise enough cash to give the market comfort that it is on a sound footing speaks to a larger problem that Europe's embattled banking sector must combat. Richter, the editor of financial blog site Wolf Street , (http://wolfstreet.com/2016/09/28/eu-banking-mayhem-one-bank-at-a-time-then-all-at-once/)said "the banking crisis [in Europe ] has the potential to transmogrify into a financial crisis."
He went onto say: "All it takes is for one of the big [banks] to suddenly topple. The flow of credit would freeze up instantly. In an economic system that depends on credit, and whose lifeblood is credit, such an event is a financial crisis."