The Deutsche Bank Death Watch Has Taken A Very Interesting Turn

themostimportantnews.com ^ | November 5, 2019 | Michael Snyder

[Paladin2]

What month will this occur?

[jimmygrace]

reasons for the collapse?

[Steely Tom]

You can take your pick:

Deutsche Bank tells court it has tax returns tied to Trump family businesses; The Hill, 27 August 2019.

Deutsche Bank Does Not Have Trump’s Tax Returns, Court Says; The New York Times, 10 October, 2019.

[pepsi_junkie]

Financial derivatives have threatened the global economy several times. Long Term Capital Management in the 90s, the 2008 crash, now this. Financiers think they have cracked the code to yield unlimited profit by taking counter positions on both sides using derivatives, all upside and no risk. Then something unexpected happens, something their math didn't forsee, and they are screwed.

It should be clear by now that massive reliance on them is playing with fire but I guess the potential upside is like crack, they can't stop themselves.

[ryderann]

How many Deutsche Bank executives have committed suicide over the past several years? Lots of funny business going on there.

[jimjohn]

Bookmark for later.

[deadrock]

Sadly, most Americans can’t even spell......

All part of the plan.

[GOPJ]

Trump pulled us away from much global inter-dependency - and just in time.

Where will all the frightened money go? To the US...

Then again if this is a full collapse we can thank our lucky stars Trump is President... he’s one of the few people in the world who will have a clue how to steer us though this mess...

[pepsi_junkie]

From another article: "Deutsche Bank created over the years a whopping $53.5 trillion (€48 trillion) book of derivatives contracts that it now is seeking to unload, but experts say getting rid of those assets is no easy task."

I imagine it's hard to sell the thing the anchor around your neck which is dragging you to your death. Financial derivatives, they were gambling. Not really, they buy securities and then buy a counter investment in a derivative so that they win either way the market goes. That's the theory. The derivatives have massive downside though so if you get it wrong in your math models, you are shafted. I'm not sure what they got wrong but another such crisis was the Long Term Capital Management one in the 1990s. They didn't foresee the crisis in Asia and were heavily invested in derivatives based there. They almost tool out all of Wall Street and had to be bailed out by the fed (by us, actually).

[Steely Tom]

The derivatives have massive downside though so if you get it wrong in your math models, you are shafted.

Don't worry, convolutional neural networks have it all figured out.

[edwinland]

Clickbait headline.

I missed the part where the death watch “takes an interesting turn”

There’s no interesting turn here. Unless you count cancelling the staff Christmas party, which is hardly “interesting” and actually pretty much expected.

[pierrem15]

Just like we witnessed with Lehman Brothers, there is always an effort to maintain the charade until the very last minute until the bigwigs can cash out.

Fixed it.

[Buckeye McFrog]

IMHO a very bad omen. I have always said that the one thing that could catapult Lizzie Warren into the White House is if the banks SCROOOOOOOOOO-up in a major way before the election, putting voters in the mood to punish them.

[BenLurkin]

This is big news. If that bank goes under, it will have “ripple effects” all the way to the USA.

[DoodleDawg]

reasons for the collapse?

High risk investments coming back to bite them.

[Captain Peter Blood]

DB is too big to fail and the German government will do whatever to bail them out like we did we our banks in 2008.

DB stock will skid to pennies and that is when it “might” be a buying opportunity. I still kick myself for not buying Citibank when it was $0.50 a share.

[Liz]

ITEM-—In 2013, James Comey became a board member, a director, and a Financial System Vulnerabilities Committee member of the London bank HSBC Holdings.

“Mr. Comey’s appointment will be for an initial three-year term which, subject to re-election by shareholders, will expire at the conclusion of the 2016 Annual General Meeting,” according to HSBC company records.

HSBC Holdings and its various philanthropic branches routinely partner with the Clinton Foundation.

For instance, HSBC Holdings has partnered with Deutsche Bank through the Clinton Foundation to “retrofit 1,500 to 2,500 housing units, primarily in the low- to moderate-income sector” in “New York City.”

---

WIKI Comey served on the board of directors of HSBC Holdings until July 2013.In September 2013, President Barack Obama appointed Comey to the position of Director of the FBI.[7] In that capacity, he was responsible for overseeing the FBI’s investigation of the Hillary Clinton email controversy. Comey received heavy criticism from Republicans after it was revealed that he had begun drafting an exoneration letter for Clinton before the investigation was complete.

[AAABEST]

There’s no interesting turn here. Unless you count cancelling the staff Christmas party, which is hardly “interesting” and actually pretty much expected.

I actually agree with you. That said, cancelling stuff like Christmas parties and picnics is a tell-tale sign that a company is going under.

There are other red flags, like losing key people to layoffs and suicide.

[dfwgator]

There are other red flags, like losing key people to layoffs and suicide.

Second Man: That was Wilkins. He was a good, good, er, golfer, Wilkins.

First Man: Very good golfer. Very good golfer. Rotten at finance. It'll be Parkinson next.

Second Man: Bet you it won't.

First Man: How much.

Second Man: What?

First Man: How much do you bet it won't? Fiver?

Second Man: All right.

First Man: Done.

Second Man: You're on.

First Man: Fine. (shakes; they look at the window) Come on Parky.

Second Man: Don't do it Parky.

First Man: Come on Parky. Jump Parky. Jump.

Second Man: Come on now be sensible Parky.