TDC Note – Let’s not forget about the criminal banking cabal on this side of the pond. Wells Fargo 2 million individual acts of fraud and that’s just the most recent.
Deutsche Bank, Commerzbank, the Italian banks…it’s getting ugly across the pond, and the worst is yet to come. Here’s a brief look at the reasons why, including derivatives, ridiculous capital rules, dumb lending practices and, of course, negative interest rates. If you’re looking for short sale candidates, Europe’s banks should be on the list.