To: rollo tomasi
The strange thing about Deutch Bank’s situation, is that it seems to be caused by massive fines which are being imposed - billions of dollars for involvement in mortgage products in 2006-2007, and more recently in financial transactions which may have evaded sanctions over the Ukraine situation.
There must be some reason why the powers that be are going after DB in this manner. Other banking houses can get away with almost anything.
31 posted on
09/29/2016 5:06:35 PM PDT by
BlackVeil
('The past is never dead. It's not even past.' William Faulkner)
To: BlackVeil
The strange thing about Deutch Banks situation, is that it seems to be caused by massive fines which are being imposed Not really. It's more because they have to hold "safe" (cash or negative yield bonds) assets to reduce their risk. They end up reducing their risk so much, they can't make money.
34 posted on
09/29/2016 5:12:43 PM PDT by
Toddsterpatriot
("Telling the government to lower trade barriers to zero...is government interference" central_va)
To: BlackVeil
Fines were levied due to appeasing public outcry.
Of course this same outcry ignores the government involvement. In the mortgage cases, massaging and allowing risky (Certain types of banks had no business dealing with the investment/derivatives aspects/side of things) "practices" to occur because a lot of political donors were making money hand over fist while "voters" were eased into mortgages they could not afford / politicians formulating policies that allowed commercial, securities, and investment banks to all deal with selling and absorbing debt where everything became a virtual IOU / politicians love to be hypocritical (Regarding sanctions).
55 posted on
09/29/2016 5:53:59 PM PDT by
rollo tomasi
(Working hard to pay for deadbeats and corrupt politicians.)
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