Global Banks Have BILLIONS About To Collapse as This Company About to Fail ANY DAY!
The ECB has been buying corporate bonds as a long term bailout of the companies in Europe. They’re technically not allowed to do this and of course they said they never would but clearly, they are. So we have trillions in corporate debt purchased to keep their market afloat. The issue presents itself when these companies start failing anyway.
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Sources Used in This Video:
https://goo.gl/UpprQe
The Company That Owns Mattress Firm Is Plunging After Its CEO Resigned - Bloomberg
https://www.bloomberg.com/news/articles/2017-12-05/steinhoff-ceo-jooste-resigns-after-accounting-regularities
Global Banks Have Billions at Risk as Steinhoff Scandal Deepens - Bloomberg
https://www.bloomberg.com/news/articles/2017-12-08/global-banks-have-billions-at-risk-as-steinhoff-scandal-deepens
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Just how much money did the ECB lose on its Steinhoff investment? | FT Alphaville
https://ftalphaville.ft.com/2017/12/06/2196514/just-how-much-money-did-the-ecb-lose-on-its-steinhoff-investment/
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