Deutshe Bank

[Boris Bear]

Ellis Short will buy them all

 

[monkeytassle]

Let them go to the wall like many other companies since 2008.

Did you see the most recent set of libor convictions?

 

[Hulkster]

Liquidity is no longer the issue, it's solvency.

 

[monkeytassle]

Liquidity is no longer the issue, it's solvency.

Agreed.

I can tell you now the stress tests will be fails. French banks are vulnerable here

 

[Chocolate Fireguard]

They don't need a tarp because excess liquidity is as high as it's ever been. There might be some money market stress but it will be contained. The issue with Italy is that many bondholders of Italian banks who would be subject to bail in are households.

I'd only expect liquidity issues if db went bang.

If Italian banks start going down the contagion is not going to stop at the border. They're going to need a TARP to deal with the fallout.

When those households bought those bonds they weren't told it was subordinated debt, they were told it was a safe as a deposit account. It was a national sales pitch OK'd by the Bank of Italy to bail out what was even then a foundering Italian bank system. And guess who was Governor of the Bank of Italy when they came up with this scheme? Draghi. This could get really ugly.

 

[richest]

They're fucked. Share price under 10 and it's over

Could they crash eu banking sector again?

 

[monkeytassle]

If Italian banks start going down the contagion is not going to stop at the border. They're going to need a TARP to deal with the fallout.

When those households bought those bonds they weren't told it was subordinated debt, they were told it was a safe as a deposit account. It was a national sales pitch OK'd by the Bank of Italy to bail out what was even then a foundering Italian bank system. And guess who was Governor of the Bank of Italy when they came up with this scheme? Draghi. This could get really ugly.

Still bail in bonds though. The tarp won't take face value of a dollar.

Everyone has known since 2012 Italian banks are terminal

Could they crash eu banking sector again?

No but it will precipitate the end of the EU.

 

[makumstu]

Could they crash eu banking sector again?

No, thankfully safeguards have been put in place since the last crash to stop a crash in one country having a knock on affect in others.

However, being out of the EU when it happens can only be better than being in it.

 

[Gingga]

Did you see the most recent set of libor convictions?

Yes i did, that doesnt give the banks carte blanche to do anything they want knowing the tax payer will always bail them out!

 

[monkeytassle]

Yes i did, that doesnt give the banks carte blanche to do anything they want knowing the tax payer will always bail them out!

No you've just said that yourself

 

[monkeytassle]

Not a good day today

 

[spitfire]

for who?

 

[monkeytassle]

for who?

Erm deutsche

 

[yorkyexile]

Not a good day today

Usa trying to blag £10 bill from them?

 

[Hulkster]

Funny how the fine is exactly the same amount as the EU's tax demand of Apple.

 

[Pop]

Erm deutsche

Subprime mortgages, Burry saw it all coming.

Usa trying to blag £10 bill from them?

Not just deutsche, RBS are in line for a fine as well.

 

[monkeytassle]

Funny how the fine is exactly the same amount as the EU's tax demand of Apple.

That was my initial thought...

 

[spitfire]

Erm deutsche

Gerrin. Does this mean the end of the EU then as you previously said. Sounds like a good day to me

 

[monkeytassle]

Gerrin. Does this mean the end of the EU then as you previously said. Sounds like a good day to me

That ball is already rolling

 

[Epping]

That was my initial thought...

It's alright... Two dodgepot companies have to hand over money

Plenty of other banks including US ones have settled on this issue.