Maybe not “rigged,” but brutal and corrupt. It will erode confidence and create instability.
"Whatever happens with Deutsche Bank, this is not — I repeat, not — a Lehman moment," says Don Luskin, chief investment officer at investment firm TrendMacro. "We are not looking at globally interconnected fragility like we were in 2008. And if anything goes wrong at all, after the 2008 experience, the central banks of the world know precisely what to do to put the fire out."
"When push comes to shove, Merkel will bail out Deutsche Bank," says Luskin of TrendMacro.