Bob Diamond is due to appear today before a British parliamentary panel over the Libor scandal,...

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Dr. V Comments (1180)
 
After his daughter and her uncontrollable mouth, he had to step down, didn't he? Mind you, this isn't the first time she has lost her composure in the Press.

Burn Notice for him in the industry, too bad.
4 Jul 2012, 10:21 AM Reply Like

Debutant Comments (1205)
 
And, the good old Deutsche Bank has managed to get its name involved in yet another juicy story, this time in its capacity as the employer of the 23 year-old star analyst Miss Diamond.
4 Jul 2012, 04:46 PM Reply Like

Dr. V Comments (1180)
 
Good work, nice looking out.

Mind you, we have been trashing Deutsche Bank for 2 years, they are on the "hit list", smelly balance sheet and all.

Total Assets 2,103,295.00
-
Total Liabilities 2,048,337.00
______________________...
Total Equity 54,958.00

Hell, there's single UHNWI's worth more than that!

I had some German Bankers call me yesterday, to ask why Deutsche Bank is submitting a "Living Will" Plan to the FED in America?

I told them, "because Deutsche Bank borrowed $354 BIL USD from the FED, can't pay it back, and have now attempted to refinance, that's why,....FED is "de facto" owner, wake up... understand who's master you are serving.

See GAO FED Audit Pgs. 130-131 (and the rest are listed also)

Go FED, someone has to crack the whip.
5 Jul 2012, 08:10 AM Reply Like

Debutant Comments (1205)
 
Wow! The balance sheet figures that you mention suggest that it is more about a "Living dead" than a "Living Will".
5 Jul 2012, 04:21 PM Reply Like

Dr. V Comments (1180)
 
Staggering isn't it?

Remember, that's what's "on book", ......the "off book" stuff?........people would jump out the window, remember....Deutsche bank is 30% "nationalized", uh oh German Government, are you on a hook to the FED?

Not smart.

Douche Bank is leveraged @ 60:1, their main problem.

With the Major German Industrials as their core customers, (SIEMENS, Deutsche Bahn, BASF, ThyssenKrupp, VW, Mercedes, BMW, Heidelberg Cement, INA, Addias, Puma)

Imagine what a bank run would do to these already suffering stocks?

ALL of them already down up to 50% after the correction of Summer 2011, from which Germany's DAX is the ONLY index that did not return to it's previous high DAX Summer 2011 @ 7500) they are still 1000 pts off on any given day, this gets ZERO Press.

A bank run would cripple Germany, and with Deutsche Bank being so weak, they should finally be exposed for their predatory tactics and pathological problem with truth in reporting, endemic in Germany, and actually encouraged.

SHORT, they (Germany) are on their way out.
6 Jul 2012, 04:19 AM Reply Like

Debutant Comments (1205)
 
I've always been fascinated by the English language (my 2nd, and came to my life rather late), where the words "cook" "book" and "hook" together may mean a lot more than official balance sheets, especially in the financial sector.

I'm glad to have my exposure to the DB (banking only) reduced to the minimum.
6 Jul 2012, 01:26 PM Reply Like