Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
veen · 2938 days ago · link · · parent · post: The "financial hand grenade" of Deutsche Bank CoCo Bonds may have just had its pin pulled.
Just to their employees? If so, holy fuck.
I believe so. These are arguably government-sanctioned ponzi schemes. Issuing debt, then buying back stock, paying bonuses and dividends. It's not really hyperbole to say that it's a racket. That said, the government has been more than complicit. Central banks have encouraged the behavior.