MAX KEISER: “Deutsche Bank Is OFFICIALLY On SUICIDE WATCH….WILL Be The NEXT LEHMAN that Triggers COLLAPSE”
July 24th, 2013
My Geneva fund contact: Deutsche Bank is officially on suicide watch. DB will be the next ‘Lehman’ moment that triggers new collapse..
Deutsche Bank Opaque Loans From Brazil to Italy Hide Risk
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