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mk · 2938 days ago · link · · parent · post: The "financial hand grenade" of Deutsche Bank CoCo Bonds may have just had its pin pulled.
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.