Agree. This is a good explanation for why EU banks are on the precipice: https://t.co/BbKlXYjDOE
And this is even better: https://t.co/d62SnwN5Rk
And U.S. banks like GS, MS, JPM and C have derivatives counter-party exposure risk to the big EU banks
— Dave Kranzler (@InvResDynamics) October 27, 2020