Friday, October 28, 2016 12:58:57 PM
I think the reason she does not tell everyone how bad the situation is, is because she does not want to start a panic. Even at this late hour, if DB would 'straighten up' and stop doing stupid stuff, they could be saved. If she went out there and told people that DB was a mess, it could start a panic that would finish off DB, and take large parts of the banking system with it when trading froze up and no one wanted to buy anything.
The problem of course, is that they will continue to do stupid stuff until the whole bank 'train wrecks' itself. That is the real problem. It is one thing to do something stupid but learn from the mistake and fix things so it does not happen again. It is another to keep doing stupid stuff and not do anything to fix the situation, and only stop when everything is a wreck.
That is the problem with DB. I, and others, are amazed that with all of the illegal things they were/are doing, that they still can't make any amount of real money.
The $256 million in profit, with a trading book in excess of $40T in derivatives is less then one hundredths of a percent (0.0000064). The while idea of leveraging up like that was so that you would make a lot more money than just trading on the unlevered assets.
DB results are so poor that it is almost like someone is deliberately trying to ruin the banking system.
Louis J. Desy Jr.
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