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HomeWhat’s Going On at The ‘Deutsche Bank Haus’? Video
Posted by Larry Doyle on July 24th, 2014 10:42 AM |
I am hard pressed to little more than chuckle at the recently released report by the New York Federal Reserve concerning the regulatory failures at Deutsche Bank. Why so amused?
The Financial Times informs us the regulators at the NY Fed are so ‘steamed’ due to “Deutsche’s perceived failure to act on similar problems raised by regulators since 2002.” Yes, 2002. That is not a misprint. What does that tell us?
Not unlike a bunch of frat boys having their way with an administration that is little more than comical and totally ineffective in maintaining order on campus, is it any real surprise that the crowd at the “Deutsche Haus” has little meaningful oversight of its own operations when its chief regulators at the New York Fed are either asleep and/or complicit in facilitating the party and mayhem? (more…)
