Quote:
Originally Posted by RummyBoy
You're behind the times and you haven't read the news post in the thread either. It was a shown to be false (a rumor), some say to enable some hedge funds to get out of the stock.
Deutsche Bank shares choppy with no DOJ settlement deal in sight
Deutsche bank won't be worthwhile unless it gets bailed out but you got to wonder about HOW it can be bailed out. It has MASSIVE derivatives exposure, over 20 times German GDP. There's a run on the bank happening as we speak and if it needs a bailout, its a problem far bigger than Lehman and will take other banks with it... |
Yes, missed it. So it is even worse. But they will be safed. Else the political party in charge can stop the party, will never be elected again. They will find away, dumb some bad assets and save the rest. They can be creative. Only problem will be EU with the new rules, bit i think Germany will do what is best for them. (and they are right).
The 3 banks that got bailed out / helped in Holland are doing well now, making money. One paid all the money back 1,5 year ago and government is making profit.
Now waiting for the bank-run that will happen when it fails.