European 🇪🇺

  • 9 Posts
  • 7 Comments
Joined 2 years ago
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Cake day: June 10th, 2023

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  • I don’t mind creating a proper European security investment market. But I most definitely mind an uncontrolled asset derivatives markets, which when abused, (and it will becasue they can) will most probably lead to a new financial crisis.

    "The ECB also called on the Commission to draw on “the lessons of the global financial crisis, when opaque and complex securitisations led to excessive risk-taking,” warning that the EU should “ensure that securitisation does not create excessive leverage in the financial system by fuelling asset bubbles and hiding risks on bank balance sheets.





  • Considering the cable was likely cut by just dragging the anchor over the seafloor, there’s not much to find. It’s perfectly plausible that the crew consists of a bunch of idiots.

    It isn’t even a proper investigation as I read it. There were Chinese officials supervising the activities. Though I wonder what they could find, after the crew had ample time to get prepared, and to get rid of whatever evidence they might have had.

    But they did drag the anchor for 100 miles (link WSJ). Dragging an anchor for 100 miles would’ve been very noticeable for any crewmember, experts say.