Saturday, March 23, 2013

Merijn Knibbe — Deutsche bank: fifteen shades of fraud

I was a little fed up with the stories about banksters from Cyprus. How about Deutsche Bank, the largest bank of Europe, darling of the German government and, Lehman style, “Chief Executive Officer Josef Ackermann, who has called proposals to limit bank size “misguided,” will leave behind a balance sheet about 40 percent larger than in 2006, and more than 80 percent as big as Germany’s economy, when he steps down in May. The firm is the second-most leveraged and third-least capitalized of Europe’s 10 largest banks”. A quick google search on ‘Deutsche Bank’ and ‘Fraud’ yielded the next fifteen links:
Real-World Economics Review Blog
Deutsche bank: fifteen shades of fraud
Merijn Knibbe

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