Socio-Economics History Blog

Socio-Economics History Blog

“I Don’t Trust Deutsche Bank” David Stockman Unleashes Truth Bomb: “When The Crunch Comes, Bank CEOs Lie”

by mosesman
For now, however, the market is no longer asking questions but merely selling: Deutsche CDS has entered the dreaded "viagra" formation at 245 bps and going vertical. Source: www.zerohedge.com
For now, however, the market is no longer asking questions but merely selling: Deutsche CDS has entered the dreaded “viagra” formation at 245 bps and going vertical. Source: www.zerohedge.com
  • “I Don’t Trust Deutsche Bank” David Stockman Unleashes Truth Bomb: “When The Crunch Comes, Bank CEOs Lie”
    by Tyler Durden, www.zerohedge.com 
    Following this morning’s proclamation by Deutsche Bank co-CEO John Cryan that Germany’s largest bank is “rock solid,” David Stockman exposed the ugly truth that everyone appears to have forgotten from just 7 years ago… 
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    “in my experience is that when the crunch comes, bank CEOs lie”
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    Stockman details the Morgan Stanley, BofA, Lehman, and Bear Stearns bullshit that occurred before exclaiming… 
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    “I don’t trust Deutsche Bank. I don’t trust what they’re saying. And there’s reason why the banks are being sold all across the world… because people are realizing once again that we don’t know what’s there [on bank balance sheets].”
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    read more.

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