Chief executive John Cryan told staff to spread the message that the bank is "rock solid"
Oh yeah, he doesn't look worried to me at all.
German finance minister Wolfgang Schauble backs the bank
Yup. Everything is peaches.
Posted on 02/09/2016 4:33:25 PM PST by SkyPilot
"I Don't Trust Deutsche Bank" David Stockman Unleashes Truth Bomb: "When The Crunch Comes, Bank CEOs Lie"
Following this morning's proclamation by Deutsche Bank co-CEO John Cryan that Germany's largest bank is "rock solid," David Stockman exposed the ugly truth that everyone appears to have forgotten from just 7 years ago...
"in my experience is that when the crunch comes, bank CEOs lie"
Stockman details the Morgan Stanley, BofA, Lehman, and Bear Stearns bullshit that occurred before exclaiming...
"I don't trust Deutsche Bank. I don't trust what they're saying. And there's reason why the banks are being sold all across the world... because people are realizing once again that we don't know what's there [on bank balance sheets]."
(Excerpt) Read more at zerohedge.com ...
Chief executive John Cryan told staff to spread the message that the bank is "rock solid"
Oh yeah, he doesn't look worried to me at all.
German finance minister Wolfgang Schauble backs the bank
Yup. Everything is peaches.
Was it David Stockman who was popularly known as “Tax Bracket Creep”?
Hillary made 485K in speeches to Deutsche Bank.
The checks cleared, so I’m guessing Hillary says” “Deutsche Bank is Rock solid”.
A money quote from that piece you sent me:
"Even worse, all the central banks have really accomplished is to assure that when the deflation monster finally arrives it will be gigantic, highly damaging and possibly uncontrollable. I'll admit to being worried about this next crash/crisis because I imagine it will involve record-setting losses, human misery due to lost jobs and dashed dreams, and possibly even the prospect of wars and serious social unrest."
It is very unreasonable to expect bank CEO’s to say: “She’s a-gonna blow - run for the hills!” Even if it’s true, they’re not going to say it.
DB is leveraged at 45x. My money says an infusion of Chinese cash is coming for a big fat equity stake.
In this country there are smaller well run banks that will not have serious problems.
I deny that! I’m gonna sue for slander!
(just kidding...)
CNBC stated that DB had $75 trillion in derivatives and credit swaps. They were trying to figure out how much was in oil, China, ect. You could feel the spine shiver as they went to commercial. Then they had a Citi guy say the WORLD is in a death spiral. Now we have to wait a year to see if we can get a tax cut, kill the EPA and other regulators and try to survive.
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Harbinger/Shemitah
Year of the Shemitah. The principle of the sabbatical years of the land.
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