What month will this occur?
Deutsche Bank tells court it has tax returns tied to Trump family businesses; The Hill, 27 August 2019.
Deutsche Bank Does Not Have Trumps Tax Returns, Court Says; The New York Times, 10 October, 2019.
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.
How many Deutsche Bank executives have committed suicide over the past several years? Lots of funny business going on there.
Bookmark for later.
All part of the plan.
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...
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.
Fixed it.
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.
This is big news. If that bank goes under, it will have “ripple effects” all the way to the USA.
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.
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. Comeys 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.
At no point in history has any government ever wanted its people to be defenseless for any good reason ~ nully's son
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
For Germany, Deutsche Bank is Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley rolled into one. It is too big to fail.
For all those thinking Deutsche Bank’s demise won’t affect things in the United States...keep in mind that DB is the counter-party to more derivative contracts than any other bank in the world. While exposures vary, all the major banks in the US have substantial counter party risk if Deutsche Bank goes under.
Should the worst happen, taxpayers undoubtedly would be asked to fund cleverly constructed guarantees, pledges, facilities or asset-purchase programs in order to prop up Deutsche Bank. It is too big to fail.
And Deutsche Banks latest plan proves, yet again, that privatizing gains and socializing losses at too-big-to-fail global banks is alive and well.
https://www.americanbanker.com/opinion/deutsche-bank-shows-it-learned-nothing-from-the-2008-crisis
The European banks were more indebted than the American banks when they were bailed out by TARP in 08. In addition to toxic real estate debts (it was as inflated in most of Europe as in the US), they also had a whole lot of toxic sovereign debt.....just think about all those loans to the PIIGS which will never be paid back - not to mention Italy, France, Belgium, etc.
What they did is simply not recognize the losses. They kept lots of assets on the books that were worthless or nearly so at their book values hoping to slowly bleed the losses out over time. That was always likely to fail. There would come a reckoning for some of them and theyd have to admit to the true scale of their losses. If Deutsche Bank goes down it will be a huge kick in the balls for the entire German and EU economies.
Brexit cant happen soon enough.
Uh-oh. Better bail them out, so that they can use the new cash to buy even more derivatives and put themselves in the hole even further. #MoralHazard
Until they aren't.