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The news is real. The blowback is debatable. It's unlikely to see this take down Deutsche Bank when a 75 trillion dollar derivative exposure wasn't able to last year. They're also now being sued by the FED of all things.

The Fed is trying to save its ass. So suing your underlings is a feasible plan of action.

Well that's the whole point. Of course the FED is trying to save its ass. Nothing the Fed does is anything but nefarious.

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