4 ms·
Money laundering != systemic instability. While this is an interesting article it seems hard to draw a direct connection between the alleged money laundering a
by nstj 10y ago
Money laundering != systemic instability.
While this is an interesting article it seems hard to draw a direct connection between the alleged money laundering activity described and the systemic instability created by DB's gargantuan derivatives book.
- paganel 10y agoThey mention DB financing some businesses related to Trump at the end of the article with no apparent connection with the rest of the story, I wouldn't ask for too much logic from a magazine like The New Yorker. Sometimes you feel that mainstream media has become like a 1950s western movie, where you've got the good guys on one side and the bad guys (Putin, Trump) on the other, with the Mexican boogeymen (terrorists) ready to pinch in at anytime.
- nstj 10y agoIt's a shame, because common logic and good reporting should require no real domain knowledge. I wish there was some more level headed mainstream commentary on financial markets beyond what Matt Levine gets down for Bloomberg.