As A Shocking $100 Billion In Glencore Debt Emerges, The Next Lehman Has Arrived

by Tyler Durden
ZeroHedge.com
10/07/2015

And now the real shocker: there is over US$100bn in gross financial exposure to Glencore. From BofA: “We estimate the financial system’s exposure to Glencore at over US$100bn, and believe a significant majority is unsecured. The group’s strong reputation meant that the buildup of these exposures went largely without comment. However, the recent widening in GLEN debt spreads indicates the exposure is now coming into investor focus.”

The Rest…HERE

This entry was posted on Wednesday, October 7th, 2015 at 4:54 pm and is filed under Conspiracy, Corruption, Economics, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.