Chris Whalen has today’s must read piece — a pushback against a slice of Deutsche Bank Absurdity claiming the benefits to humanity (really) of Money Center banks.
You know. Like Deutsche Bank.
You can read it here:
Deutsche Bank: Universal Banks are a Benefit to Society. Really?
Few people are more knowledgeable about bank absurdities better informed than Chris, who survived both the NY Fed and Bear Stearns intact.
Category: Really, really bad calls
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Convinced that TBTF is an absurdity and not in the public interest, what, if anything, should concerned citizens do?
Non-reply seems correct.
speaking of DeutscheBank..
on the Tangent..
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus-ns-aaf&v%3Aproject=clusty&query=Khuzami+SEC+Chief+Prosecutor+Deutsche+Bank+General+Counsel
=
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus-ns-aaf&v%3Aproject=clusty&query=DoJ+no+prosections+of+MBS+Fraud
and, for Bonus Points..
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus-ns-aaf&v%3Aproject=clusty&query=Schapiro+paid+%249+million+from+FINRA
a smart Man, on BBR, was making Note of this, on the Radio, Today..
I apologize, didn’t hear his Name, his ‘co-host’ didn’t announce him, while I was listening..