Deutsche bank’s death spiral (E1399)
In this episode of the Keiser Report, Max and Stacy start with the Financial Times headline announcing what the Keiser Report had warned would happen: Deutsche Bank’s new ‘bad bank’ for all of their toxic derivatives. Once again, the profits are privatized while the risks are socialized onto the backs of the German taxpayers.
They then look at the charts from WolfStreet.com showing Deutsche Bank’s death spiral as the share price has dropped by over 90 percent since the 2008 financial crisis. In the second half, Max interviews banker and author Mitch Feierstein of PlanetPonzi.com about what happens when central bankers try to taper a ponzi: you get a bad bank for Deutsche Bank. Are we heading into another financial crisis? And, if so, what will central bankers do to make it worse this time?
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