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Back in 2008 when Lehman Brothers was circling the drain along with Bear Stearns, Lehman’s CEO the infamous Dick Fuld was busy reassuring everyone that the bank was fine, had plenty of capital, derivatives, aka financial weapons of mass destruction, weren’t a problem and that it was simply the evil speculators and short sellers that was crushing the banks share price as it hit $10 on its way to zero a few short months later. I bring this up because the similarities with Deutsche bank are eerily similar and include the same off-balance sheet accounting games and enhanced repo deals etc. designed to make the bank look financially sound when in fact it isn’t. In fact, Deutsche bank was recently charged by European bank regulators with falsifying records and market manipulation amongst other items.


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