<< Doesn't James D. Wolfensohn know the head of the Deutche Bank? >>
Mr. JEB, maybe you are interested in a BT share price drop, I imagine you hold a hefty short position in BT.
But the Wolfenson story is nothing of interest especially for BT. 100k shares are nothing and their fire sale could move the BT price a few millimetres. Wolfensons agenda are now more world bank agenda and not BT.
The Wolfensohn story is thinner than any sort of Billypuke - "hasn't he done, ... there is ... horrible, fire!!"
Mr. Kopper, one of the white heads of Deutsche Bank is a honorable man, too, who can not afford any wrongdoings, he is closely watched in Germany. As the financial world is a small boat, it is easily possible the one guy knows other guys from roundtables and meetings.
Have you ever attended a financial conference in Paris or Geneva? I have been there and it is a nice place to meet and get to know people from the financial industry. Check it out.
You implicitly addressed the phoney Deutsche Bank - BT merger talk story. Maybe you are right in the fact that it is way too early to think of new bank alliances and, consider DaimlerChrysler, good jobs will take awhile to get done.
What was the fact is that - once more some finks had hyped another upcoming merger. Last time it happened with Deutsche and JPM in a languishing bull market where JPM was declining already. The talks influenced the price in the way that JPM was propped up by $10 for short, nothing less, nothing more.
Now, for BT, the rumor brought a nice off the grid selling or short selling opportunity, but only for days if not hours. Market breadth has changed since to be bits more bullish for financials.
The Wolfenson story is too poor a story to be cross-posted and yelled across SI.
Thumbs down, and good night.
C. |
