"I don’t buy at all what’s coming out of Germany in terms of Germany not wanting to step in ultimately if Deutsche Bank was really in trouble" said Andreas Utermann, Allianz Global Investors’ chief investment officer. "Deutsche Bank is “too important for the German economy.”
"First off, our prayers are with law enforcement this morning. People are afraid. They see lunacy in the streets being perpetrated by criminals and they are gearing up to protect themselves," Justin Anderson, director of marketing for Hyatt Guns told Secrets.
"We are highly disappointed with the Commission’s decision to file charges, and we strongly disagree with the Commission that either the firm or I have engaged in any unlawful conduct.... We have done nothing improper and categorically deny the Commission’s allegations."
"You should resign, you should give back the money you made while this scam was going on, and you should be criminally investigated by the Department of Justice and the Securities and Exchange Commission. The only way Wall Street will change is if executives face jail time when they preside over massive frauds."
According to a DHS report released today, ICE officials identified 858 immigrants from "countries of concern to national security" that were "mistakenly" granted U.S. citizenship though deportation charges were never pursued because the DOJ refused to prosecute the cases.
Things are going from worse to worst once again for Deutsche Bank as equity and credit markets deteriorate further as analysts warn Germany's biggest (and the world's most systemically dangerous) bank would be "significantly undercapitalized" even if an eventual settlement with the DoJ can be covered by the bank's reserves. Despite multiple capital raises over the past few years, as Bloomberg notes, any likely settlement would imply a capital increase - just to pay the fine.
Earlier this week, Republican leaders in both houses of Congress took the FBI to task for its failure to be transparent.In the House, it was apparently necessary to serve a subpoena on an FBI agent to obtain what members of Congress want to see; and in the Senate, the chairman of the Judiciary Committee accused the FBI itself of lawbreaking.