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UNCONFIRMED: Two of the world's largest financial institutions are on the brink of collapse - one of them facing bankruptcy by end of January 2012. Both of these firms are heavily exposed to JUNK EUROPEAN DEBT and they are classed as TBTF. Inside sources say that a THIRD bank is also involved - and the third bank is NOT based in Greece, Spain or Italy - but in the UK. The systemic risk posed by this UK firm is estimated as MF Global x 10 - placing many hedge funds at huge risk.
Originally posted by pilgore
reply to post by n00bUK
Pure speculation.
Or so says my unconfirmed secret source claims.
Fear mongering 101.
Nothing to worry about.
Move along.
Droids.
Originally posted by CaDreamer
doom porn
second line
Originally posted by pilgore
reply to post by n00bUK
Pure speculation.
Or so says my unconfirmed secret source claims.
Fear mongering 101.
Nothing to worry about.
Move along.
Droids.
"The way you approach a recession,
is,
as a human being,
is different as you would as a trader."
Rastani nods head grimly.
Interviewer: "So traders aren't human beings."
Rastani: nervous laugh. "The jury's out on that one. Right?"
...
"A recession can be horrible. Yes. It's a tough time.
...
As a human being you don't want it.
As a trader you think differently.
As a trader you think 'ok. you're gonna have one of the most volitile and possibly trending conditions to make money in that market."
Interviewer: You're a Rastani, You're an Italian Iranian.
Host: He does seem to have a divided opinion.