Archives for August 2016

August 2016 - Page 9 of 25 - Money Morning - Only the News You Can Profit From

How to Profit When Citigroup's $56 Trillion "Casino" Catches Fire

They say even a busted clock is right twice a day: The International Monetary Fund recently called Deutsche Bank AG the "world's riskiest financial institution."

Deutsche Bank stock is barely off 30-year lows, and it spent a great deal of this late summer frantically unloading some of its multibillion-dollar derivatives book. It's too late for Deutsche Bank, but that hasn't stopped it from trying.

Another troubled Eurozone bank, Credit Suisse Group, has been doing the same with its derivatives.

But if you thought these bad banks would have any trouble unloading their toxic "weapons of financial mass destruction," you'd be wrong.

In a breathtakingly stupid move, one American bank has been on a derivatives shopping spree, eagerly buying up these insanely risky instruments just as fast as Deutsche Bank and Credit Suisse can sell them.

Like a kind of Mayflower, full to bursting with toxic stupidity and risk, these ticking time bombs are heading across the Atlantic.

And that means there's another huge opportunity waiting for you...