Author Topic: How Can DB Offer 5% returns? Simple, Bail In Accounts Before Pay Back Due.  (Read 1942 times)

Offline infinitum

  • Hero Member
  • *****
  • Join Date: May 2013
  • Posts: 975
  • Country: mx
  • Karma: +51/-18
  • R.I.P. Infinitum didn't know the cat was armed.
    • View Profile
Interesting interview with Greg Hunter and Bix Weir. When Bix is asked how Deutsche Bank can pay 5% interest, all due by the end of the third quarter, Bix replies that they have no intention of paying it back. It’s merely a ploy for liquidity, that would be due by the end of the third quarter, but Deutsche Bank figures it will be out of business by then.

Offline Ellipses

  • Hero Member
  • *****
  • Join Date: Mar 2013
  • Posts: 707
  • Country: gb
  • Karma: +54/-0
  • 'Layman' economist
    • View Profile
A cat thrown amongst the pigeons here.

Let's watch this space