Deutsche Bank through its chief risk officer Stuart Lewis took to the media to assure everyone that everything was just fine and that the bank’s capital position was healthy, denying recent allegations that the bank was the most dangerous in the world. That said even a blind man would recognize that Deutsche Bank has more than a few problems at this juncture. On the subject of banksters it seems the Irish have decided to throw a few in jail following the 2008-2009 financial crisis. Jailing former Irish Life and Permanent Chief Executive Denis Casey for two years and nine months following the 74-day criminal trial, Ireland’s longest ever. Willie McAteer, former finance director at the failed Anglo Irish Bank, and John Bowe, its ex-head of capital markets, were given sentences of 42 months and 24 months respectively. All three were convicted of conspiring together and with others to mislead investors, depositors, and lenders by setting up a €7.2 billion circular transaction scheme between March and September 2008 to bolster Anglo’s balance sheet. If memory serves that brings the number of significant banksters jailed globally post 2008-2009 crisis to about a dozen. 3 each from America, Iceland, England and now Ireland. Thousands were put in jail after the 80’s Savings and Loan Crisis, just in the USA.
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