J. Brad Hicks (bradhicks) wrote,
2012-06-12 23:16:00

"Lots of foreign investors, but mostly Deutsche Bank"

There's a phrase I've heard in so many news stories lately that I'm starting to twitch, pre-emptively, whenever I hear it now. Some bubble was about to burst, or some corrupt government was running out of borrowing authority, or someone was trying to finance some scam, or money needed to be laundered for some pyramid scheme. The question gets asked, "Where did the money come from?" The answer keeps being, "lots of foreign investors, but mostly Deutsche Bank."

*twitch*

There's an early scene in Casablanca where Humphrey Bogart, as Rick Blane, refuses a high ranking official in Deutsche Bank entry to his casino, saying, "Your cash is good at the bar." The outraged banker puffs himself up angrily and says, "Do you know who I am?" Rick replies, "I do, and you're lucky your cash is welcome at the bar."

This was not meant to be a welcome historical precedent. Dare I even ask how much corrupt sovereign debt Deutsche Bank owns that I don't even know about, how many criminal enterprises it finances that we don't know about yet?
Tags: economics
  • Post a new comment

    Error

    switch
    default userpic

    Your reply will be screened

    Your IP address will be recorded  

    Help
  • 7 comments