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Deutsche Bank continues to have bad news.
https://www.bbc.com/news/business-44646775
Deutsche Bank's US division has failed the second round of the Federal Reserve's annual two-stage stress tests, designed to assess how well the sector could withstand another financial crisis.
The German lender suffered from "widespread and critical deficiencies" in parts of its business, the Fed said.
Goldman Sachs and Morgan Stanley were only granted "conditional" passes.
But 31 of the 35 banks tested were given the all-clear.
So we learn that 31 out of 35 banks are safe, right? The problem is that it only takes the failure of one good sized bank to destroy the others. All the banks are tied together in this system. They lashed all the ships together in the storm, so that if one sinks, they all sink.
Where we go one, we go all.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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