{"id":21857,"date":"2016-10-01T15:11:02","date_gmt":"2016-10-01T20:11:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21857"},"modified":"2016-10-01T15:11:02","modified_gmt":"2016-10-01T20:11:02","slug":"deutsche-bank-collapse-the-most-important-bank-in-europe-is-facing-a-major-liquidity-event","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21857","title":{"rendered":"Deutsche Bank Collapse: The Most Important Bank In Europe Is Facing A Major \u2018Liquidity Event\u2019"},"content":{"rendered":"
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Deutsche Bank Collapse: The Most Important Bank In Europe Is Facing A Major \u2018Liquidity Event\u2019<\/a><\/h3>\n<\/div>\n
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\"toilet-paper-stock-market-collapse-public-domain\"<\/a>The largest and most important bank in the largest and most important economy in Europe is imploding right in front of our eyes.\u00a0 Deutsche Bank is the 11th biggest bank on the entire planet, and due to the enormous exposure to derivatives that it has, it has been called \u201cthe world\u2019s most dangerous bank<\/a>\u201c.\u00a0 Over the past year, I have repeatedly warned that Deutsche Bank is heading for disaster and is a likely candidate to be \u201cthe next Lehman Brothers\u201d.\u00a0 If you would like to review, you can do so\u00a0here<\/a>,\u00a0here<\/a>\u00a0and\u00a0here<\/a>.\u00a0 On September 16th,\u00a0the Wall Street Journal reported<\/a>that the U.S. Department of Justice wanted 14\u00a0billion<\/strong>\u00a0dollars from Deutsche Bank to settle a case related to the mis-handling of mortgage-backed securities during the last financial crisis.\u00a0 As a result of that announcement, confidence in the bank has been greatly shaken, the stock price has fallen to record lows, and analysts are warning that Deutsche Bank may be facing a \u201cliquidity event\u201d unlike anything that we have seen since the collapse of Lehman Brothers back in 2008.<\/p>\n

At one point on Friday, Deutsche Bank stock fell below the 10 euro mark for the first time ever before bouncing back a bit.\u00a0 A completely unverified rumor that was spreading on Twitter that claimed that Deutsche Bank would settle with the Department of Justice for only 5.4 billion dollars was the reason for the bounce.<\/p>\n

But the size of the fine is not really the issue now.\u00a0 Shares of Deutsche Bank have fallen by more than half so far in 2016, and this latest episode seems to have been the final straw for the deeply troubled financial institution.\u00a0 Old sources of liquidity are being cut off, and nobody wants to be the idiot that offers Deutsche Bank a new source of liquidity at this point.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Deutsche Bank Collapse: The Most Important Bank In Europe Is Facing A Major \u2018Liquidity Event\u2019 The largest and most important bank in the largest and most important economy in Europe is imploding right in front of our eyes.\u00a0 Deutsche Bank is the 11th biggest bank on the entire planet, and due to the enormous exposure […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[52,14390,195,3461,1668,1839,14391,14392,6069,6061,312,11745,14393,14394,4901,8818,7926,10118,14395,14396,9381],"class_list":["post-21857","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank","tag-collapse-of-deutsche-bank","tag-debt","tag-debts","tag-derivatives","tag-deutsche-bank","tag-deutsche-bank-crash","tag-deutsche-bank-crisis","tag-economic-collapse-blog","tag-financial","tag-financial-crisis","tag-financial-crisis-2016","tag-in-debt","tag-is-deutsche-bank-the-next-lehman-brothers","tag-michael-snyder","tag-mortgage","tag-mortgage-backed-securities","tag-stock","tag-stock-price","tag-the-most-dangerous-bank-in-the-world","tag-the-next-lehman-brothers"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21857"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21857\/revisions"}],"predecessor-version":[{"id":21858,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21857\/revisions\/21858"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}