With the news of the massive writedowns, losses and other issues at German banking giant, Deutsche Bank, I thought it best to ring up our pal Dave Kranzler in order to see what he makes of it all.
If you missed the story over the past 24 hours, here are two links from ZeroHedge that summarize things:
And here's something that Dave wrote this morning before we spoke:
You might also see this:
And this, written four months ago at a site called NotQuant:
Please take the time to listen to this brief discussion and then consider the implications that a meltdown of Deutsche Bank might incur.