Red Terror Dr.
29th September 2016, 18:22
On Monday (26 September) the price of shares in Deutsche bank, Germany’s largest lender, slumped to its lowest level since 1983. Following on the heels of the ongoing Italian banking crisis, the Brexit shock and the Chinese stock market crash, a slump of this magnitude in the shares of one of Europe’s biggest banks has dire implications, not only for the eurozone but for the world economy as a whole. The current panic surrounding Deutsche Bank was sparked by the announcement, published in Germany’s Focus magazine, that Angela Merkel had ruled out the possibility of intervening in the bank’s ongoing dispute with the United States’ Department of Justice (DoJ), which recently threatened the bank with a $14bn fine for the misselling of mortgage bonds in the run-up to the subprime mortgage crisis in 2008.
http://www.marxist.com/deutche-bank-crisis-highlights-impasse-of-world-capitalism.htm
My take: Heads are going to roll. Looks like 2008 all over again. The economic crisis is still on ...
http://www.marxist.com/deutche-bank-crisis-highlights-impasse-of-world-capitalism.htm
My take: Heads are going to roll. Looks like 2008 all over again. The economic crisis is still on ...