Whalen Fawns Over Deutsche Bank in CNBC Interview, Places Blame for Share Price Decline on Politicians

Bear in mind, this was the guy who said Bank of America needed to ‘declare bankruptcy‘ in order to save itself. He was often interviewed by CNBC and BBG, offering a grisly outlook for the banks. He had quite the penchant for prognosticating doom across financial markets. I must admit, after seeing the interview linked below, I was somewhat surprised by the Whalen I saw. He appeared to be tripping over himself, trying to make excuses for Deutsche Bank — blaming the whole ordeal on politicians talking down the stock. He emphatically said Deutsche Bank was a ‘good credit’ with a solid business and was well diversified. When asked about a potential equity raise and how dilutive it might be, he avoided the question and said it didn’t matter — then he delved back into the politicians causing DB to decline conspiracy theory.

Already knowing the answer, I asked him the following question on Twitter.

Full disclosure @rcwhalen : is $DB a client of yours?

— The_Real_Fly (@The_Real_Fly) September 30, 2016

Whalen heads up a bond rating agency, dubbed Kroll (KBRA) — founded in 2010 and recently sold to a private equity firm named Wharf.

No answer from Mr. Quadruple chin, thus far.