Feb 09

Flashback:

Quotes from the Great Depression


German Finance Minister Joins DB CEO, Says “Not Worried About Deutsche Bank”:

With Deutsche Bank credit risk exploding and stock price collapsing to record lows, despite the CEO’s “rock solid” affirmations, there is only one way to know just how real a crisis this is… when government officials issue ‘denials’.

German Finance Minister Wolfgang Schaeuble says he isn’t worried about Deutsche Bank.

“No, I have no concerns about Deutsche Bank,” Schaeuble says

Schaeuble comments to Bloomberg Television after press conference in Paris.

We suspect this is Schaeuble’s “Contained” moment as markets – the ultimate arbiter of truth – tell a very different story…

Deutsche-Bank-CDS

Deutsche Bank Record Low

So when does Schaeuble get “concerned?”

 

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