The News with Rick Sanchez - July 10, 2019 (20:00 ET)
Deutsche Bank’s house is on fire
The US Department of Justice is going after Deutsche Bank for alleged corruption and money-laundering related to its fundraising activities for the Malaysia Development Fund. This is just the latest bad news for an institution in serious trouble. Rick Sanchez reports. We also hear from “Boom Bust” co-host Christy Ai.
‘Yes, Deutsche fail would cause global catastrophe’
Rick Sanchez discusses the global systemic risk posed by Deutsche Bank and banks of their size. Then author Ian Winer joins to share his insights. He says there’s no chance that Deutsche Bank will be allowed to fail due to the catastrophic effect it would have on the global financial system. But is bailing out Deutsche Bank a reward for their corrupt and risky behavior?
China freaking out over US arms to Taiwan
Beijing is irate over a major arms deal between the US and Taiwan, worth more than $2 billion. Former naval intelligence officer John Jordan joins Rick Sanchez to weigh in. He points out that tanks and surface-to-air missiles are defensive weapons, which are “far more moral” than offensive ones.