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September 26, 2016 | Deutsche Banking on Another Rescue

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

As we have written earlier, Deutsche Bank is a canary in the ongoing global financial crisis.Its culture and management have blown up a $2 trillion balance sheet with reckless risk taking, illegal activities and suicidal-leverage. Now they are blaming a $14 billion fine being demanded to settle their role in mortgage fraud as unreasonable and want Germany to bail them out. So far Merkel’s government has said ‘nein’ as they face low popular support and a desire to distance themselves from bankers heading into next year’s election. But then there is the inter-connectivity between Deutsche and the other too-big-too-exist global banks as captured in this chart.
DB IMF 1

Will personal prosecution, compensation clawbacks and job losses follow for the directing executives this time?  It certainly needs to, might as well start now.
Deutsche Sept 24 2016

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September 26th, 2016

Posted In: Juggling Dynamite

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