My Geneva fund contact: Deutsche Bank is officially on suicide watch. DB will be the next 'Lehman' moment that triggers new collapse.
Deutsche Bank’s Accounting Raises Questions
….In other words, these ‘secured’ loans are not really secured, unless one considers what is effectively a short position on the bonds that were provided as collateral to represent adequate security. In addition, DB apparently ‘spiced’ the deals up by writing credit default swaps, exposing it to even more credit risk.
As Bloomberg further reports, this isn’t the first time DB has obscured its true financial position by means of accounting practices that are not necessarily illegal, but certainly raise questions about how to properly evaluate the risks the bank is exposed to.
Meanwhile, the banks that have received the loans in question were able to continue to report ownership of the bonds DB has sold, allowing them to misrepresent their own financial health as well…..
Banking insider: Deutsche Bank in danger zone and will go belly up
. Big bank. Biggest bank in Germany, and one of the biggest banks in the Euro Zone… they’re going to go belly up. Watch it. Watch it, I said it, it’s going to happen.
They are in such a danger zone, they don’t know what to do. Deutsche Bank’s derivative debt is greater than the is one bank. $72 trillion in derivative exposure. The entire global economy, all the countries in the world is only $66 trillion GDP. . That