Deutsche Bank - with its stock now trading at a 30-year low - was recently called the world's riskiest financial institution by the International Monetary Fund. Better late than never...
In a last-ditch effort to save itself, DB is trying to dump a bucket load of credit derivatives - the murky, risky financial instruments that triggered the 2008 financial crisis.
You would think no one would buy these weapons of financial mass destruction... but you'd be wrong.
In a staggeringly stupid move, the American bank I'm telling you about today has gone on a derivatives shopping spree, eagerly taking credit default swaps off the hands of failing Eurozone banks like DB and Credit Suisse.
That means, of course, another outsize short opportunity for you to take...
Tags:Banks
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