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Whoops! Deutsche Bank Needs 8 Billion Euros – Are They Raising Money Before EU Breaks Up?

Mon Mar 6, 2017 6:57am EST 1

Deutsche Bank ($DB) CEO John Cryan just can’t catch a break. After navigating the beleaguered bank through a $7.2 Billion toxic US mortgage settlement last December – contributing to a net loss of $2.1 Billion in Q4’16, and a $10 Billion Russian money-laundering settlement in January – it appeared that the bank’s troubles were behind them. Shares rallied back fiercely after hitting their lowest price in over 20 years last September over fears that the German government wouldn’t provide a bailout – should one be required, though it looks like the party may be over.

The bank just announced plans to raise 8 Billion Euros ($8.5 Billion USD) via special rights offering in order to shore up it’s core asset ratio – it’s fourth raise since 2010, and something which CEO John Cryan had previously declared a last resort. In total, they will have raised 30 billion Euros ($32 Billion USD) – more than their current market cap of $26.8 Billion (USD). Yikes. Shares fell almost 7% in early trading Monday

In a letter to employees, Cryan said everything’s under control (the plane is only missing a wing and a few engine bits):

We expect proceeds of around 8 billion euros from this. According to the future capital rules this would enable us to reach a core capital ratio of approximately 14 percent and remove a major source of uncertainty. That should make us significantly more attractive for our clients. -Source

How cool!

Deutsche is also walking back 2015 plans to spin off it’s Postbank subsidiary of retail banks – instead merging it with DB’s main private and commercial banking business, and they are re-integrating their market trading operations with corporate / investment banking.

Perhaps it’s best to raise money now while they still can – considering Marine Le Pen is currently leading the polls in the upcoming French election. If she wins, Frexit will happen – which means the European Central Bank safety net (which France and Germany primarily fund) will likely disintegrate, and EU member nations may be forced to revert to their pre-Euro currencies (notwithstanding desperate measures, such as a two-Euro system). Picture an old timey black and white movie where an obviously miniaturized set train derails. Perhaps this will be the price of returning to borders, language, and culture – as we all work through the new normal.

The Deutsche Bank announcement comes on the heels of Italy passing legislation in December to enable a nearly 9 Billion Euro state bailout of their largest bank – Monte dei Paschi, as opposed to reliance on the ECB.

Nothing to see here… just European banks trying to un-fuck themselves before they’re out of options.

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Based Stick Man AKA “Alt-Knight” Arrested – Sits In Exile While Antifa Scum Return To Mom’s Basement

Mon Mar 6, 2017 4:48am EST 6

You know why Batman is never arrested? Because he gets the fuck out of dodge before the cops show up. Based Stick Man, on the other hand, couldn’t sit idle while Berkeley cops did next to nothing all day as degenerate children maced old men and threw eggs at homeless advocates. As Antifa scum grew increasingly violent, one man – Based Stick Man, AKA the “Alt-Knight” AKA Spruce Wayne, whose real name is Kyle Chapman – whacked the shit out of a masked man-child.

Do you think it’s a coincidence that American flag is RIGHT in the shot? Fuck no – Kek willed this from the heavens. Unfortunately, the forces of evil have temporarily prevailed, and Stick Man was arrested for his gallantry:

A legal defense fund has been set up:

The legend of Stick Man has inspired quite a few works of art:

(click to enlarge)   

 

 

If you want more backstory as to how Stick Man emerged as a brainer of cucks – witness:

What’s next for the sticked crusader??

If it’s any consolation – Berkeley cops DID arrest at least one asshole – the green hat agitator from the pepper spray / egging incidents:

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NYT Mystery Source: Comey Asks DOJ To Reject Trump Wiretap Claims – Days After Comey Warns Over NYT Mystery Sources

Sun Mar 5, 2017 9:04pm EST 5

FBI Director James Comey is an interesting guy. On one hand, it appears he’s spent the latter part of his career shilling for the Clintons; earning $6 Million dollars in one year as Lockheed’s top lawyer – the same year the egregiously overbudget F-35 manufacturer made a huge donation to the Clinton Foundation. Comey was also a board member at HSBC shortly after NY AG at the time Loretta “tarmac” Lynch let the Clinton Foundation partner slide with a slap on the wrist for laundering drug money. No joke.

Then there was the kangaroo court FBI investigation of Clinton’s private server – in which Comey recommended not prosecuting Hillary despite admitting horrendous breaches of protocol that would have landed any other Federal employee in prison. At that point in the timeline, democrats loved him!

But wait – mysteriously, Comey then went seemingly rogue; re-opening the investigation into Hillary’s private server a week and a half before the election, only to find no wrongdoing the day before polls opened. The Clinton camp has openly blamed Comey for contributing to Hillary’s loss – though they haven’t clarified if he’s ever spoken with a Russian ambassador, or where Comey’s actions rank in the whole blame game.

So – I don’t really know what to make of James Comey. His historical shilling for the Clintons and the establishment are at direct odds with the FBI’s investigative merry-go-round against Hillary – which has been blamed for doing serious harm to Hillary’s campaign. What we do know is that Trey Gowdy was in a meeting with Comey last week, in which the FBI director said not to trust anonymous sources from the NY Times and the Washington Post:

So, color me skeptical at today’s New York Times piece quoting anonymous sources who claim James Comey has asked the Department of Justice to publicly refute Trump’s assertions that Obama tapped his phones.

WASHINGTON — The F.B.I. director, James B. Comey, asked the Justice Department this weekend to publicly reject President Trump’s assertion that President Barack Obama ordered the tapping of Mr. Trump’s phones, senior American officials said on Sunday.

I’m not even going to link to the article. NYT is #FakeNews, and this looks like damage control.

Also, if we’re going to quote anonymous sources willy nilly, I see your Comey insider and raise you a mousey liberal journalist with an Obama White House insider who says that the wiretaps totally happened:

Plus, Brett “Bitchslapper” Baier cornering Paul Ryan with news of the wiretap – which Ryan didn’t refute:

NOW I’m hearing whispers from EXTRA anonymous sources that Loretta Lynch and the DOJ may have ordered the wiretaps – not Obama; which makes the whole clandestine Bill Clinton tarmac meeting all the more shady looking:

At this point, if Loretta Lynch actually ordered the wiretaps, are we to honestly believe that it wasn’t at the behest of Obama? And if not – if Lynch’s DOJ tapped the Trump campaign at the request of the Clintons, it’s an entirely different kettle of fish. I imagine that a Presidential candidate co-opting the United States Department of Justice into covertly monitoring their opponent might be a big no-no.

As always, developing…

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Was 11th Hour Obama DOJ Succession Swap An Attempted Hit-Job Over Russian Interference Probe?

Sun Mar 5, 2017 4:55am EST 7

A curious thing happened Seven days before Obama left the White House. No, not a shady arms deal with Kenya – that happened on Barry Hussein’s last day. I’m talking about a major change in the order of succession at the DOJ in the event Jeff Sessions recused himself from the Russia investigation. Instead of Acting Deputy Attorney General Dana Boente who would have ordinarily take over, Obama, without explanation, changed the law to skip over the Deputy AG position – instead providing his own list of U.S. Attorneys to take the case.

The man Obama placed at the head of the line of succession is D.C.’s U.S. Attorney Channing Phillips, who is quite cozy with President Obama and his attorney general, Eric Holder. He is a former senior adviser to Holder, and he stayed on to work under Obama’s next AG Loretta Lynch before Obama appointed Phillips D.C.’s U.S. attorney in 2015. –Weekly Standard

Perhaps Obama assumed Sessions would ultimately have to recuse himself due to his involvement in the campaign? Or maybe the former President knew in advance about this witch hunt over Sessions and the Russian Ambassador. It was also a safe bet for Obama to assume that Trump wouldn’t keep Boente around after the election (which he isn’t, as Trump has appointed US Attorney Rod J. Rosenstein to the position – with his confirmation hearing next week).

Did Obama think the Trump administration wouldn’t notice? Whatever the case, Trump signed an Executive Order restoring the line of succession.

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Tolerant Left: Berkeley Antifa Cowards Pepper Spray Elderly Trump Supporter And Egg Homeless Advocate

Sat Mar 4, 2017 9:23pm EST 22

Angry unemployed children, AKA Antifa, held another Trump protest today in Berkeley, CA. It’s Trump’s fault of course that they took out 6 figure student loans and haven’t been approached by numerous employers to put those English majors to work.

Unlike the UC Berkeley riots which shut down a Milo Yiannopoulos speech, several Trump supporters showed up today to counter-protest the Antifa idiots – resulting in civil discourse.

Just kidding, an elderly Trump supporter and a homeless advocate were attacked:

Note the same guy in a green hat in both videos. Some have suggested he may be a paid agitator…

You know, at some point Trump supporters aren’t going to keep taking this shit…

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WATERGATE 2.0: Internet Calls Bullshit After Obama Denies Ever Tapping US Citizens

Sat Mar 4, 2017 6:39pm EST 19

This may be it folks; Watergate 2.0 is here. Finally an appropriate scandal worthy of the stupid ‘gate label.

Last night on Fox, Paul Ryan sat down with Brett Baier – who asked Ryan to opine on new bombshell revelations that the Obama administration made two requests to wiretap Trump and his associates. Tellingly, Ryan acts like he doesn’t know what Baier is talking about, then keeps robotically returning to the talking point that no evidence of collusion between Russia and the Trump campaign was found.

Baier: There’s a report that [in] June 2016, there’s a FISA (Foreign Intelligence Surveillance Court) request by the Obama administration to monitor communications involving Donald Trump and several campaign officials. They get turned down, and then in October they renew it, and they do start a wiretap at Trump Tower

Ryan: Well, again… [stammers] and like I said, nobody in congress has been presented with any evidence to the contrary of what you just said.

Baier: So you believe it to be true?

(long pause)

Ryan: Yeah, that… that, we have seen no evidence that anybody in this campaign, um, or any other American was in on it with the Russians to meddle in our elections. We know they meddled. Russia’s an adversary, and that’s something we have to work to counteract.

Baier: I got it, but the point is that the Obama administration was pretty aggressive – a couple of FISA requests.

Ryan: No, I hear your point, but I’ve seen nothing of that – nothing come of that. That’s my point.

In response to the bombshell revalation, Trump shot off several tweets:

Obama responded by calling it “unequivocally false”

Except what’s this? He’s totally did just that:

Ben Sasse is calling for clarification:

And for those who want to argue semantics – whether Obama ordered the wiretaps directly or not:

Watergate has always been mired in controversy over whether or not Nixon actually ordered the break-in; evidence going both ways exists, yet it was enough to impeach Nixon:

Who ordered it? “There is no evidence,” Dean writes, “in all the Nixon-Watergate-related conversations that anyone in the White House had advance knowledge that Liddy was going into the Watergate.” –MSNBC

…the articles of impeachment drawn up against Nixon by the House Judiciary Committee in 1974, the “smoking-gun” tape that forced him to resign, did not link him to the original order for the break-in, they link him only to the cover-up afterward. –The Observer

We’re not talking about an impeachment, of course… Just one more nail in the coffin of credibility within the Democratic party as all their narratives unravel.

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Trey Gowdy (R-SC) After FBI Director Comey Briefing: “Be Very Very Careful” Relying On NYT and Washington Post For Leaked News

Fri Mar 3, 2017 4:14am EST 27

Rep. Trey Gowdy (R-SC) appeared on Fox’s First 100 Days Thursday evening after a closed door briefing earlier in the day by FBI director James Comey concerning the agency’s investigation into claims of Russian interference in the 2016 presidential election.

The interview begins with host Martha MacCallum mentioning that Congressman Adam Schiff (D-CA), who attended the same meeting, was “rattled” over the lack of information Comey gave concerning Russian involvement in the election.

Gowdy, on the other hand, seemed shocked at Schiff’s apparent lack of enlightenment:

Jim Comey did more today to update us than I have ever had done in the 6 years I have been there, and for Adam to treat it that way – that dismissively, clearly he and I were in two separate rooms this morning.

I have never heard a Federal law enforcement agent give, with that degree of particularity and detail, an update on an inquiry. As you may recall, I was a federal prosecutor for 6 years, so I have talked to lots of FBI agents. He went so far beyond what any other administration official has ever done, whether it’s Eric Holder, Loretta Lynch, or his predecessor Robert Muller – they never gave us this level of detail and specificity. He bent over backwards.

When pressed on whether or not FBI Director Comey revealed any new information in light of [former CIA Director] John Brennan and [former Director of National Intelligence] James Clapper finding no evidence of collusion between the Trump campaign and the Russians, Gowdy deflected – citing the confidential nature of the briefing. He did, however, make a statement concerning the New York Times ($NYT) and Washington Post – publications included in what President Trump and top advisor Steve Bannon refer to as the media “opposition party”:

I will tell you this – to the extent people are relying on media reports, whether it’s the New York Times or the Washington Post, upon which to base their factual assertions, I would tell them to be very very careful. I’m not gonna say any more than that, other than to say that the person leading the investigation on behalf of the Untied States government, the head of the FBI, listen to what he has to say – don’t listen to anonymous sources who leak classified information which, oh by the way, is also against the law. Between Jim Comey and a reporter from the New York Times, give me Jim Comey.

Takeaways: Rep. Gowdy clearly heard a lot of things he liked during the closed door session, while deflated Democrat Rep. Adam Schiff did not. Second; FBI director Comey obviously discussed the dissemination of leaked classified information to the mainstream media – to the extent that Gowdy, an attorney and former prosecutor, is advising people who rely on the leaks to be “very, very careful” in doing so.

Watch below:

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Trump Tweets The Record Straight On Ridiculous Jeff Sessions “Witch Hunt”

Thu Mar 2, 2017 11:49pm EST 3

President Donald J. Trump – infused with the spirit of Harambe (RIP), delivered a series of tweets tonight affirming his support for Jeff Sessions.

I can hear it now… “Oh, he’s so unprofessional and petty tweeting all the time. My wife’s boyfriend and I can’t stand him!”

Can it Francis, this is how you win elections.

Presenting; unfiltered Trump

Witch hunt!

Question for progressives; are you still buying the Russian scourge / Trump puppet story your fearless communist leadership is selling? To normal people, this Russia bullshit is nothing more than a bunch of sore losers who keep beating the same dead horse to explain away the fact that they just suffered their biggest defeat in decades.

SUCH A THREAT:

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Democrat Claire McCaskill Caught Lying About Meeting With Russian Ambassador – When Will She Resign?

Thu Mar 2, 2017 8:31pm EST 9

Updated with NYT stealth delete!

Democrats have two major problems; compulsive lying, and they suck at technology. The DNC and Hillary Clinton’s campaign being hacked by 5 to 7 foreign intelligence agencies whereas the RNC and Trump’s data was secure is a great example of the latter, however perhaps the best combination of questionable ethics and technological ineptitude was the episode in which Hillary Clinton’s incompetent IT guy crept onto Reddit during the Benghazi investigation to ask how he could strip Hillary’s email address from (legally) archived records.

The latest example of lying while sucking at technology comes to us from Senator Claire McCaskill (D-MO), who tried her best to pile on  in the Russophobic Jeff Sessions witch hunt by emphatically tweeting about how she’s never had a call or meeting with the Russians. Ever. Unfortunately for Claire, she forgot about the two times she not only did that, but tweeted about it! 

Witness this epic fail:

Really Claire?

Too bad Claire didn’t think to use Twitter’s advanced search like Redditors did about 5 minutes after her tweet. Considering the fervor over Jeff Sessions today – with top Democrats demanding he step down for lying (which was debunked within hours, yet still resulted in his recusal from any inquiries into Russian election interference), we are left to wonder when Claire McCaskill will tender her resignation, you know – for actually lying.

Update:

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$CAT’s Out Of The Bag? Caterpillar Offices Raided By IRS, FDIC, And Commerce Dept

Thu Mar 2, 2017 1:08pm EST 7

Shares in Caterpillar ($CAT) are down sharply after Federal authorities executed search warrants at three facilities, including the corporate headquarters in Peoria, IL. The multi-agency raid is being conducted by the IRS’s Criminal Investigation Division, the Commerce Dept’s Office of Export Enforcement, and the FDIC’s office of Inspector General. The reason for the investigation is presently unknown.

At the Downtown Caterpillar global headquarters building, at least some company employees were directed to the building’s cafeteria and were told to remain there and not leave, according to one employee at the facility. Another source with direct knowledge indicated those sequestered there include employees in the tax and accounting divisions, as well as from executive offices.

Some of the agents entering the headquarters building wore jackets bearing an Internal Revenue Service logo, others appeared to be from the Federal Deposit Insurance Corporation. Others simply denoted that they were federal agents. A placard in the window of one of the federal vehicles noted it was used by police from the U.S. Department of Commerce Bureau of Industry and Security Office of Export Enforcement. –pjstar.com

Per ZeroHedge:

As a reminder, this is not the first time CAT has gotten in trouble with regulators: back in 2014 CAT and PWC got in trouble before Congress for evading taxes using offshore locations when this infamous line came up: “What the heck, we’ll all be retired when this audit comes up on audit.” In retrospect, perhaps not all will be retired.

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