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Ron you must add commentary to articles please, then certain members will be happy. They are unable to read a link without the thread starter adding their opinion to it, as it is apparently not obvious by the fact they posted it.

Cheers,

#EUbad #byeclowns #havefuningermany

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The interesting question is going to be who bails them out? The EU or Germany?

 

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51 minutes ago, ronwagn said:

Bloomberg story on Deutsche Bank

f**k**g genius haha 

I shoulda thought of that 

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54 minutes ago, El Nikko said:

The interesting question is going to be who bails them out? The EU or Germany?

 

 

54 minutes ago, El Nikko said:

The interesting question is going to be who bails them out? The EU or Germany?

 

I don't think either can afford to or should. 

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1 minute ago, ronwagn said:

 

I don't think either can afford to or should. 

They have something like a 49 trillion dollar exposure to derivatives and most massive banks in the US and probably elsewhere have deep financial connections to them I believe.

I'm not going to pretend I understand all of that (I have watched the big short though lol) but if DB goes down wouldn't it take everyone with it?

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6 minutes ago, El Nikko said:

(I have watched the big short though lol)

Read the book. Fantastic. 

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5 minutes ago, El Nikko said:

They have something like a 49 trillion dollar exposure to derivatives and most massive banks in the US and probably elsewhere have deep financial connections to them I believe.

I'm not going to pretend I understand all of that (I have watched the big short though lol) but if DB goes down wouldn't it take everyone with it?

I don't know. Maybe Day-Trader, and others, can elucidate. 

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8 minutes ago, DayTrader said:

Read the book. Fantastic. 

I lived it and saw the movie. Frightening! Not as frightening as all the communications going down as in a massive EMP attack. 

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17 minutes ago, ronwagn said:

I lived it and saw the movie. Frightening! Not as frightening as all the communications going down as in a massive EMP attack. 

So surely it can't happen again. I mean after 11 years they would have made sure of that....right?

It's like watching a car crash in slow motion.

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(edited)

You saw the film yes? Do you remember the ending? The quote, from Bloomberg? 

Edited by DayTrader
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(edited)

Related image

Banks do not 'learn'. They are scum.

Edited by DayTrader
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31 minutes ago, DayTrader said:

You saw the film yes? Do you remember the ending? The quote, from Bloomberg? 

No, tell me.

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(edited)

It's the above, not a quote, more a reference, I saw the film a while ago. 

That line is the end of the film, and then, as @James Regan will know ....

''If it keeps on rainin', the levee's gonna break ...'' 

Edited by DayTrader
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I told people to buy DB stock a couple of years ago.  I hope they didn't listen.  

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@ronwagnTook a quick look at financial statements.

Deutsche Bank is becoming less Investment Bank each quarter, they are bleeding business mainly in Sales & Trading. Creation of the toxic assets unit called Capital Release Unit is ominous. But on the other hand their Private&Commercial Banking business (normal bank with deposits and loans) is stable last 3 years. They have substantial loans 400 billion EUR and deposits about 560 billion EUR portfolio, majority in Germany -> Nobody would ever let them bankrupt.

To make the long story short: Deutsche Bank will outlive you all, even if any teenagers reading this post.

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11 minutes ago, Marcin said:

@ronwagnTook a quick look at financial statements.

Deutsche Bank is becoming less Investment Bank each quarter, they are bleeding business mainly in Sales & Trading. Creation of the toxic assets unit called Capital Release Unit is ominous. But on the other hand their Private&Commercial Banking business (normal bank with deposits and loans) is stable last 3 years. They have substantial loans 400 billion EUR and deposits about 560 billion EUR portfolio, majority in Germany -> Nobody would ever let them bankrupt.

To make the long story short: Deutsche Bank will outlive you all, even if any teenagers reading this post.

Well, I hope you are right! It must be good to be too big to fail!

 

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A whopping 3 years.

I'm sure in 2008 there were banks people thought were too big to fail. Think there was a film about it. What happened then? Ah, I remember. 

We will see. Hope this thread still available in a few years.

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9 minutes ago, DayTrader said:

A whopping 3 years.

I'm sure in 2008 there were banks people thought were too big to fail. Think there was a film about it. What happened then? Ah, I remember. 

We will see. Hope this thread still available in a few years.

Took a look at history of Deutsche Bank. Established in 1870 and ever since that time the most important bank for Germany. Its hipothetical bankruptcy would be like German Inflation of 1923, it took Germans a lot of time to believe again in Deutche Mark. So Germany=Deutsche Bank and Deutsche Bank=Germany.

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(edited)

On 11/5/2019 at 4:05 PM, DayTrader said:

Banks do not 'learn'. They are scum.

Well, that part is certainly true as respects Deutsche Bank  ("DB").   DB in the USA has a special "document manufacturing section" located inside their head office building at 30 Wall Street where a floor is set aside for clerks to manufacture back-dated paper, mostly for filings on the various County Land Records and to support their litigation, both as plaintiffs and as defendants.  The DB  bank is a gigantic cesspool of people who have no moral compass.  There are cultural reasons for this, of course, which I shall refrain from directly addressing. 

Will cash be pumped into DB to make sure it survives?  Probably, but not certainly.  While DB is a German flagship, remember that investment banking has become internationalized, and lots and lots of foreign banks have big office in Frankfurt.  If DB folds the real headache is funding the liquidity of the depositors. The borrowers would have to be "taken out of the bank," a process that requires fresh loans from other banks or the sale of booked loans of DB to other banks, which latter prospect is unsettling, as loans to say Greece and Greek companies are problematic, and likely not repaid or paid only partially.  The issue of the derivatives and their toxic asset bets in what is in practice a gigantic on-line casino is quite beyond the abilities of any parliament or government to get a handle on, as they do not understand the concept of a collateralized debt obligation participation certificate. What will happen is that the certificate holders will not get paid, at least, not the non-German ones. Is tht de-stabilizing?  Not for the Germans.  Germany is big enough to handle a $400 Billion liquidity problem. Several trillion?  Not so much.  

Will the derivatives and CDO bets self-liquidate?  Probably.  Will there be eventual shortfalls?  Probably.  Will it push the financial system over the precipice?  Not in the USA, and probably not in Germany, but it might in weaker countries that are lenders or participants in DB CDO's. 

Edited by Jan van Eck
typing error
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15 hours ago, ronwagn said:

https://en.wikipedia.org/wiki/Deutsche_Bank  Two more twin towers coming down (figuratively?)

Deutsche Bank Taunusanlage.jpg

I've actually seen these in person, along with the ECB building. If these came down they wouldn't be missed. They're pretty obnoxious compared to the urban area around them.

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26 minutes ago, Meredith Poor said:

They're pretty obnoxious

That is a reflection of the mentality of Deutsche Bank managers.  The whole place is obnoxious. Arrogant, smug, righteous self-justifying, basically dull and stolid, casually accepting of the criminal behavior of some of its personnel, I remain amazed that DB just continues to lumber along, a classic case of a Zombie Bank - literally too big to fail. Atleast, so far. 

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21 hours ago, DayTrader said:

 

Banks do not 'learn'. They are scum.

Sure they do... they've learned that the wealthy can be easily scammed just as well as the average Joe SixPack -  🤣

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