Friday, July 26, 2013

MAX KEISER: “Deutsche Bank Is OFFICIALLY On SUICIDE WATCH….WILL Be The NEXT LEHMAN that Triggers COLLAPSE”

My Geneva fund contact: Deutsche Bank is officially on suicide watch. DB will be the next ‘Lehman’ moment that triggers new collapse..
https://twitter.com/maxkeiser/status/360017521753075713
Deutsche Bank Opaque Loans From Brazil to Italy Hide Risk
http://www.bloomberg.com/news/2013-07-11/deutsche-bank-opaque-loans-from-brazil-to-italy-hide-risk.html
Deutsche Bank’s Accounting Raises Questions
….In other words, these ‘secured’ loans are not really secured, unless one considers what is effectively a short position on the bonds that were provided as collateral to represent adequate security. In addition, DB apparently ‘spiced’ the deals up by writing credit default swaps, exposing it to even more credit risk.
As Bloomberg further reports, this isn’t the first time DB has obscured its true financial position by means of accounting practices that are not necessarily illegal, but certainly raise questions about how to properly evaluate the risks the bank is exposed to.
Meanwhile, the banks that have received the loans in question were able to continue to report ownership of the bonds DB has sold, allowing them to misrepresent their own financial health as well…..
….
http://seekingalpha.com/article/1549752-hidden-risks-at-german-banks?source=google_news
Banking insider: Deutsche Bank in danger zone and will go belly up
Deutsche Bank. Big bank. Biggest bank in Germany, and one of the biggest banks in the Euro Zone… they’re going to go belly up. Watch it. Watch it, I said it, it’s going to happen.
They are in such a danger zone, they don’t know what to do. Deutsche Bank’s derivative debt is greater than the global economy. That is one bank. $72 trillion in derivative exposure. The entire global economy, all the countries in the world is only $66 trillion GDP.
http://www.examiner.com/article/banking-insider-deutsche-bank-danger-zone-and-will-go-belly-up
JIM WILLIE: BREAKDOWN SIGNALS: CONTAGION LOOMS!
http://news.goldseek.com/GoldenJackass/1373582161.php
WE’RE ALWAYS ON THE VERGE OF ANOTHER FINANCIAL CRISIS: 3 MAJOR BANKS ARE UNDER CONSTANT THREAT OF FAILURE OVERNIGHT, EVERY NIGHT

http://investmentwatchblog.com/were-always-on-the-verge-of-another-financial-crisis-3-major-banks-are-under-constant-threat-of-failure-overnight-every-night/#8C35pszlqpsFPkAS.99
Exclusive: Deutsche Bank ‘horribly undercapitalized’ – U.S. regulator!!!
Moments ago the market jeered the announcement of DB’s 10% equity dilution, promptly followed by cheering its early earnings announcement which was a “beat” on the topline, despite some weakness in sales and trading and an increase in bad debt provisions (which at €354MM on total loans of €399.9 BN net of a tiny €4.863 BN in loan loss allowance will have to go higher. Much higher). Ironically both events are complete noise in the grand scheme of things. Because something far more interesting can be found on page 87 of the company’s 2012 financial report.
The thing in question is the company’s self-reported total gross notional derivative exposure.
And while the vast majority of readers may be left with the impression that JPMorgan’s mindboggling $69.5 trillion in gross notional derivative exposure as of Q4 2012 may be the largest in the world, they would be surprised to learn that that is not the case. In fact, the bank with the single largest derivative exposure is not located in the US at all, but in the heart of Europe, and its name, as some may have guessed by now, is Deutsche Bank.
The amount in question? €55,605,039,000,000Which, converted into USD at the current EURUSD exchange rate amounts to $72,842,601,090,000….  Or roughly $2 trillion more than JPMorgan’s.
http://www.zerohedge.com/news/2013-04-29/728-trillion-presenting-bank-biggest-derivative-exposure-world-hint-not-jpmorgan
….

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