Only
Deutsche Bank, the largest bank in Germany, is significantly exposed,
holding dubious financial products known as "derivatives",
worth 67 trillion euros. This amount is similar to the GDP of the
entire world and 20 times greater than the GDP of Germany. Any
comparison with the situation of the bank Lehman Brothers in 2008
would not be irrelevant. Just when Lehman Brothers went bankrupt, had
available derivatives of only 31.5 trillion. The crisis of 2008
confirmed the concise definition of derivatives as proposed by the
American tycoon Warren Buffet: "financial weapons of mass
destruction."
Democracy Now! Eleven peace activists and one journalist on board the Gaza Freedom Flotilla ship, the "Madleen," were detained by Israeli soldiers as their ship carrying vital humanitarian aid for starving Palestinians approached Gaza. The ship was intercepted by Israeli forces in the middle of the night in international waters. Its supplies were seized and communications jammed. The unarmed activists will likely be transported to Israeli detention or "immediately deported," says Ann Wright, a U.S. military veteran who has participated in four Freedom Flotilla journeys and now serves on the steering committee of the Freedom Flotilla Coalition. She calls on citizens of countries around the world to push for the activists' release and an end to Israel's war on Gaza.
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