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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

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Nov 7 4:00 PM EST

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From: elmatador	8/3/2007 1:40:01 AM
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Deutsche Bank's decision to bet on the US subprime mortgage market weakening is looking increasingly clever as the German bank Wednesday delivered another set of stellar quarterly results. Someone saw an opportunity and that was a good move," said Josef Ackermann, Deutsche's chief executive, when the bank released first-quarter results. msnbc.msn.com Now check this out! The bank bet on the downfall and then blows the whistle to cause the downfall!!! Ackermann was IKB whistle-blowerShares in IKB plunged 40 per cent on Thursday following a government-led bail-out of the German lender, which warned this week of heavy losses in a fund it managed, just 10 days after it had reassured investors about its market positions. IKB faces further questions about its internal procedures and the role played by its supervisory board after it emerged that Germany’s financial regulator first learnt about the problems from Josef Ackermann, Deutsche Bank chief executive, rather than from the lender itself. Bafin, the regulator, said the potential losses could have caused “the worst banking crisis since 1931”. ftalphaville.ft.com wayo made in Germany!!

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