Sunday, December 2, 2018

Deutsche Bank: Gotcha

     Oh, my.  Front page news, again.  It just seems German bankers can't do anything right.  Over 170 agents of the German government "raided" the bank's headquarters in Stuttgart on Wednesday and searched for evidence of more wrong doing.  This is big news in Europe as Deutches Bank has a long reach across the EU and the world.  It seems that some rogue elements inside the bank have been laundering money, again.  Are they " asleep at the wheel" like the gent inside the driver less car stopped by police yesterday?  Hmmmm.  Seems the bank was doing some shady things with billions of $ that were deposited in a Lithuania subsidiary, Danske Bank.  This tiny bank was passing through billions of deposits without telling anybody.  Hmmmm.  How can this be, if not policy?  How do we answer that question?
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