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BaFin, the German bank supervisor, reportedly attended audit committee meetings at Deutsche Bank...

BaFin, the German bank supervisor, reportedly attended audit committee meetings at Deutsche Bank (DB) during 2008-09, when the firm failed to recognize up to $12B of trading losses that could have forced it to seek a bailout. News that BaFin may have known about the valuations could spark tensions with the SEC and make it more difficult for the U.S. agency to bring a case against Deutsche Bank.
Comments (2)
  • june1234
    , contributor
    Comments (2515) | Send Message
     
    That's OK. Don't worry about tensions The person in charge of legal compliance at Deutsche bank at that time is now the head of SEC enforcement.One big happy family. I vote for John Corzine as new treasury secretary. They just recycle these people
    7 Dec 2012, 06:01 AM Reply Like
  • minecanary
    , contributor
    Comments (412) | Send Message
     
    The only reason Merkel keeps approving the Greek bailouts is because 1/2 flows back to Douche Bank
    7 Dec 2012, 01:06 PM Reply Like
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