Feb 09

“I Don’t Trust Deutsche Bank” David Stockman Unleashes Truth Bomb: “When The Crunch Comes, Bank CEOs Lie”:

Following this morning’s proclamation by Deutsche Bank co-CEO John Cryan that Germany’s largest bank is “rock solid,” David Stockman exposed the ugly truth that everyone appears to have forgotten from just 7 years ago…

“in my experience is that when the crunch comes, bank CEOs lie”

Stockman details the Morgan Stanley, BofA, Lehman, and Bear Stearns bullshit that occurred before exclaiming…

I don’t trust Deutsche Bank. I don’t trust what they’re saying. And there’s reason why the banks are being sold all across the world… because people are realizing once again that we don’t know what’s there [on bank balance sheets].”

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