Deutsche Bank - They think its all over.....
Discussion
Sylvaforever said:
Zod said:
Oh, get over yourself.
ETA if you want to know why I and others were annoyed, it's because the OP made a post and run of scaremongering crap and, when called on it, after throwing around insults, claimed years of financial sector experience and that he was involved in an exercise looking at splitting up UK banks, but then ran away from questions.
Which is EXACTLY how you treated Brexiteers in the run up to the referendum.ETA if you want to know why I and others were annoyed, it's because the OP made a post and run of scaremongering crap and, when called on it, after throwing around insults, claimed years of financial sector experience and that he was involved in an exercise looking at splitting up UK banks, but then ran away from questions.
Edited by Zod on Tuesday 27th September 20:33
Well you certainly marked your card there.
coyft said:
Soov535 said:
coyft said:
-Pete- said:
Soov535 said:
I've liquidated most of my assets and put them away safely (metals).
For the clueless among us, what's the 'safe' way to do that, in your opinion?
https://www.bullionbypost.co.uk/gold-bars/good-del...
Or these, used as a door stop.
https://www.bullionbypost.co.uk/silver-bars/5kg-si...
Edited by Soov535 on Friday 30th September 15:07
Sh it sh it sh it sh it sh it
number 46 said:
Surely, if it's gold that you are after you need to speak to James Stunt!!!!! He seems like an honest sort of bloke ready to help!!!!!!
Didn't he buy a job lot from Gordon Brown, I seem to recall talk of some Geezer from the Government getting tucked up like a kipper, it was quite some time ago though, so could be wrong 
fblm said:
Burwood said:
Murcielago_Boy said:
Burwood said:
My call is the DOJ will fine them into insolvency. And interestingly insiders think this is most likely as well 
Are they quite so harsh on their own US institutions?
sidicks said:
Burwood said:
i hope DB does fail. Didn't know it funded the building of Auschwitz but all is forgiven i guess. More recently it has been repeatedly fined for criminal conduct of its employees. They sold junk CDOs to clients knowing they were low grade,
Why did the clients buy these CDOs?Burwood said:
they manipulated Libor. They hid 12bn in losses on certain CDOs
The planks actually owned and operated a Casino in Vegas (say no more) and lost 2.5B in 3 years. A reckless and dangerous financial institution.
No excuses.The planks actually owned and operated a Casino in Vegas (say no more) and lost 2.5B in 3 years. A reckless and dangerous financial institution.
Burwood said:
And to the chap above moaning about banks regulation being the blame. Too f
king right they need regulation.
I think you misunderstand the point being made - much of the additional regulation imposed since the GFC has added significant cost (passed to customers) with minimal benefits terms of risk management.king right they need regulation.on a serious note, but a bit off topic. a young friend of mine is seriously disabled (including quite severe brain damage) due to a blind old duffer in his 80's failing to see him on his motorbike. straight "a" student, good prospects and excelled at athletics while at school(accident happened when he was 17 or 18). received low 6 figure insurance payout . some utter scum manager at rbs advised him it would be wise to invest a large sum to provide for his future and promptly lost him half a million quid in 12 months.
i have lost touch with him and never found out whether his mother went to the ombudsman as i advised at the time ( i can probably find out, his mother lives nearby ) or whether he saw any money back. the point is the bankers are recognised as the experts,so when people seek advice from these experts, particularly when they are vulnerable or just don't have a clue financially that advice needs to bear that in mind and make sure the risk level is rammed home.
ps, lots of good stuff in this thread for the ill/un informed like me regarding how the banks work from yourself and others
wc98 said:
sidicks said:
Burwood said:
i hope DB does fail. Didn't know it funded the building of Auschwitz but all is forgiven i guess. More recently it has been repeatedly fined for criminal conduct of its employees. They sold junk CDOs to clients knowing they were low grade,
Why did the clients buy these CDOs?Burwood said:
they manipulated Libor. They hid 12bn in losses on certain CDOs
The planks actually owned and operated a Casino in Vegas (say no more) and lost 2.5B in 3 years. A reckless and dangerous financial institution.
No excuses.The planks actually owned and operated a Casino in Vegas (say no more) and lost 2.5B in 3 years. A reckless and dangerous financial institution.
Burwood said:
And to the chap above moaning about banks regulation being the blame. Too fking right they need regulation.
I think you misunderstand the point being made - much of the additional regulation imposed since the GFC has added significant cost (passed to customers) with minimal benefits terms of risk management.king right they need regulation.on a serious note, but a bit off topic. a young friend of mine is seriously disabled (including quite severe brain damage) due to a blind old duffer in his 80's failing to see him on his motorbike. straight "a" student, good prospects and excelled at athletics while at school(accident happened when he was 17 or 18). received low 6 figure insurance payout . some utter scum manager at rbs advised him it would be wise to invest a large sum to provide for his future and promptly lost him half a million quid in 12 months.
i have lost touch with him and never found out whether his mother went to the ombudsman as i advised at the time ( i can probably find out, his mother lives nearby ) or whether he saw any money back. the point is the bankers are recognised as the experts,so when people seek advice from these experts, particularly when they are vulnerable or just don't have a clue financially that advice needs to bear that in mind and make sure the risk level is rammed home.
ps, lots of good stuff in this thread for the ill/un informed like me regarding how the banks work from yourself and others
Clearly not.
That's right, banksters are banksters no matter whether they work on the counter in Miggintown High Street or One Churchill Place in London.
Oh dear.
Soov535 said:
So he was advised poorly by a RETAIL bank. You know the difference between these and INVESTMENT banks, right?
Clearly not.
That's right, banksters are banksters no matter whether they work on the counter in Miggintown High Street or One Churchill Place in London.
Oh dear.
no oh dear necessary . just another example of the industry in general not being as clean as some make out. all those fines for investment banks weren't for exemplary customer service i imagine .Clearly not.
That's right, banksters are banksters no matter whether they work on the counter in Miggintown High Street or One Churchill Place in London.
Oh dear.
wc98 said:
have to laugh at the genius business banking minds actually losing money running a casino
on a serious note, but a bit off topic. a young friend of mine is seriously disabled (including quite severe brain damage) due to a blind old duffer in his 80's failing to see him on his motorbike. straight "a" student, good prospects and excelled at athletics while at school(accident happened when he was 17 or 18). received low 6 figure insurance payout . some utter scum manager at rbs advised him it would be wise to invest a large sum to provide for his future and promptly lost him half a million quid in 12 months.
Do you know the full client brief to know whether the strategy was inappropriate?on a serious note, but a bit off topic. a young friend of mine is seriously disabled (including quite severe brain damage) due to a blind old duffer in his 80's failing to see him on his motorbike. straight "a" student, good prospects and excelled at athletics while at school(accident happened when he was 17 or 18). received low 6 figure insurance payout . some utter scum manager at rbs advised him it would be wise to invest a large sum to provide for his future and promptly lost him half a million quid in 12 months.
wc98 said:
i have lost touch with him and never found out whether his mother went to the ombudsman as i advised at the time ( i can probably find out, his mother lives nearby ) or whether he saw any money back. the point is the bankers are recognised as the experts,so when people seek advice from these experts, particularly when they are vulnerable or just don't have a clue financially that advice needs to bear that in mind and make sure the risk level is rammed home.
I think it's important to understand the difference between financial advisers, retail banks and investment banks...sidicks said:
wc98 said:
have to laugh at the genius business banking minds actually losing money running a casino
on a serious note, but a bit off topic. a young friend of mine is seriously disabled (including quite severe brain damage) due to a blind old duffer in his 80's failing to see him on his motorbike. straight "a" student, good prospects and excelled at athletics while at school(accident happened when he was 17 or 18). received low 6 figure insurance payout . some utter scum manager at rbs advised him it would be wise to invest a large sum to provide for his future and promptly lost him half a million quid in 12 months.
Do you know the full client brief to know whether the strategy was inappropriate?on a serious note, but a bit off topic. a young friend of mine is seriously disabled (including quite severe brain damage) due to a blind old duffer in his 80's failing to see him on his motorbike. straight "a" student, good prospects and excelled at athletics while at school(accident happened when he was 17 or 18). received low 6 figure insurance payout . some utter scum manager at rbs advised him it would be wise to invest a large sum to provide for his future and promptly lost him half a million quid in 12 months.
wc98 said:
i have lost touch with him and never found out whether his mother went to the ombudsman as i advised at the time ( i can probably find out, his mother lives nearby ) or whether he saw any money back. the point is the bankers are recognised as the experts,so when people seek advice from these experts, particularly when they are vulnerable or just don't have a clue financially that advice needs to bear that in mind and make sure the risk level is rammed home.
I think it's important to understand the difference between financial advisers, retail banks and investment banks...
coyft said:
It's just like buying insurance. A hedge in case everything goes tits up, seems to have done OK for the last 2,000 years....
I appreciate that.I'm going for cash under the bed, plenty of booze and a string of strippers/w
es.You will then have something to spend your gold coins on.
Will be in touch when Angela decides what she is going to do
So the DOJ $14billion fine - would they really keep Pershing it if it meant the bank went pop and pulled down other banks?
Also do the DOJ share the $14billion to all the countries impacted or simply to the USA Fed reserve? I'm assuming the latter as such why don't other countries Govts sue American banks and other countries banks for the same failures?
Also do the DOJ share the $14billion to all the countries impacted or simply to the USA Fed reserve? I'm assuming the latter as such why don't other countries Govts sue American banks and other countries banks for the same failures?
fblm said:
Burwood said:
Murcielago_Boy said:
Burwood said:
My call is the DOJ will fine them into insolvency. And interestingly insiders think this is most likely as well
Are they quite so harsh on their own US institutions?Trumps plan to finance The Wall?
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