Yes, we should arrest them.
The voice of reason, the seasoned Wall Street veteran and exemplary statesman for all of the money changers, is calling for those who warned ‘Deutsche Bank is the next Lehman’ to be punished upon the Catherine Wheel — because it is not Lehman and nothing was ever wrong with the big German bank. Even if the bank was in trouble, Jim said he had a plan to press forward, which entailed temptatious preferred stocks being bought by Warren Buffett and maybe a Saudi Sheikh or two.
The whole idea that Deutsche Bank was having liquidity issues or that Obama would injure his best friend, Merkel, is patently absurd and those in the media, who’ve been clamoring for DB to hit the dust, should be brutally punished and maimed in the most heinous of ways.
It’s all just really cool and zen, man. Twenty five percent revenue declines and a bank with a $1.8t balance sheet and $16b market cap, whose stock is down 50% for the year, is completely normal on some far distant planets where capital structure isn’t important and the laws of mathematics are different.
the irony is that Cramer pumped Lehman as strong buy and that it would never ever fail all while he was naked shorting it, same as he’s shorting DB right now. Like Goldman and Gartman, this guy is the ultimate muppet fleecer — ALWAYS do exact opposite of what he says.
He also pumped BSC before they got taken under.
Gremlin.
Didn’t ZeroHedge mention something about this fine today?
“In other words, not only was the $5.6 billion “agreed upon” number, as “reported” by Twitter and then AFP, bogus, but the actual negotiations have not yet even begun.”
I’m not Warren Buffett, but I’ve been buying the 8.05% DB preferreds (DKT) below 24. Not a big fan of Cramer’s rah rah style and his frequent absence of predictive acumen, but I don’t think DB will default. I’d be happy if folks talk the price back down next week.
I saw your post on DKT a few days ago. Good find.
Where is the Trump tax story?
What story? Tax strategy that every US business uses.
Anybody who loses $900 million in one year should not be allowed near our Treasury. He is the equivalent of a payday loan customer with more leverage. Fiscal conservatism has died in the Republican Party.
Fuck off cramer. DB bank run.
http://www.zerohedge.com/news/2016-10-02/some-deutsche-bank-clients-unable-access-cash-due-it-outage
Some serious fuckery in Hungary over the weekend. Europe and the EU are finished just a matter of when that pinless grenade explodes. Boolish DB for sure.
You would think, like in most sectors there would be takeover speculation for DB, no? TWTR buying DB and then bought by BABA would be most dope.