Systemic Risk Sources

The Wall Street Journal has identified one.

…the US Justice Department is seeking a fine of up to $14 billion for selling mortgage-backed securities between 2005 and 2007. That is well beyond Deutsche Bank’s ability to pay, given its $18 billion market capitalization before the story broke.

A Deutsche Bank bankruptcy from this raid would thoroughly disrupt the EU’s economy.  But never mind that, because Panic of 2008, and somebody’s gotta pay.

No.  This is nothing but another raid on OPM by Obama and his coterie of Progressives, whose motto harks back to an earlier time: “Anything that ain’t nailed down is mine, and anything I can pry loose ain’t nailed down.”

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