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Deutsche Bank "Loses" LIBOR Chat Records; Will Try Hard To Find Them

Tyler Durden's picture




 

Back in April, Deutsche Bank agreed to pay $2.5 billion (or around $25,475 per employee) to the DoJ, the CFTC, the NY Department for Financial Services, and the UK’s FCA in connection with the bank’s role in the global conspiracy to rig LIBOR (and EURIBOR, and TIBOR, but who’s counting). The fine marked the largest LIBOR-related settlement thus far but as usual, regulators stopped short of insisting that the actual human beings responsible for the manipulation of a benchmark upon which trillions in financial assets are based be put behind bars. In other words, no people were held accountable.

That said, we got a faint glimmer of hope on the accountability front when, late last month, FT reported that the German financial watchdog BaFin was looking into whether (former) co-CEO Anshu Jain lied to the Bundesbank about when he first learned that his traders and submitters might have been involved in fixing the LIBOR fixes. 

A few weeks later, the full BaFin letter sent to Deutsche Bank was released by WSJ and sure enough, the regulator says very plainly that Jain has "been proven to have learned about discussion in the market concerning the susceptibility of the LIBOR to manipulation in 2008," despite having told the Bundesbank that he had no such knowledge until at least three years later. 

The report also details Jain’s cozy relationship with rate rigger extraordinaire Christian Bittar as well as outlining how it was indeed Anshu Jain who personally oversaw a seating assignment change in 2005 that deliberately placed traders next to submitters in order to facilitate communication between the two. Unsurprisingly, BaFin promptly decided that it was just kidding and that the very thing it was absolutely sure of in May was actually "unsubstantiated" - Jain was subsequently cleared of any malfeasance. 

On Thursday, WSJ reported the latest absurd twist in the Deutsche Bank LIBOR manipulation saga. Apparently, just one month after the April settlement with regulators, the bank said it had "lost" records of chats between employees dating back to 2005. Deutsche Bank couldn’t say how many chats might have disappeared, and although the bank promised to try very hard to recover them, it did concede that unfortunately, they may be lost forever which could mean that its disclosures in connection with the settlement are incomplete. Here’s more:

A month after reaching a $2.5 billion settlement over interest rate rigging, Deutsche Bank AG told regulators its disclosures may have been incomplete because it accidentally failed to archive electronic chats involving its employees, people familiar with the matter said.

 

The bank is working to recover the records from its systems but might have permanently lost an unknown number of chats dating back to 2005, the people said.

 

The disclosure poses a new regulatory headache for the German lender. Deutsche Bank already has been criticized by regulators for shortcomings in retaining data, including the destruction of hundreds of audiotapes that U.K. regulators said could have been relevant to their investigation into manipulation of the London interbank offered rate, or Libor.

 

Deutsche Bank disclosed the problem to regulators, including the New York Department of Financial Services, in May, a month after the bank entered into the settlement with a handful of authorities in the U.S. and the U.K., the people familiar with the matter said.

 

“After we discovered this software defect in one of our internal messaging systems, we reported it to our regulators and are presently working with them to rectify it,” the bank said in an emailed statement. “We have been able to recover a majority of the chats via a backup system.”

Yes, Deutsche Bank has recovered "a majority of the chats" and wouldn’t you know it, none of the recovered chats contains "any communications the bank considers new or relevant to the Libor investigation."

As much as everyone wants to believe that a rogue software program may be responsible for the selective deletion of LIBOR related internal chats, The Department of Financial Services is going to look into it anyway because after all, it's certainly possible that Deutsche Bank simply wiped the chats away so as to cover up something even worse than what’s already out there regarding the bank’s role in rate setting collusion. 

The bank’s lawyers told officials at the department that the failure to archive was caused by an unintentional software glitch and that it learned about the error after the settlement, two people familiar with the matter said. The purely internal messaging system, called “DB Chat,” was used by employees going back more than a decade.

 

The Department of Financial Services, New York state’s top banking regulator, has begun a probe of the incident. It is examining whether potential violations that should have been covered by the Libor settlement weren’t reported because of the error, according to one of the people familiar with the matter. The office is also investigating whether or not the error was intentional and when the bank discovered it.

Amusingly, the chats "date back to 2005", which is precisely when Anshu Jain instituted the new seating arrangement that greased the wheels of the rate rigging machine at Deutsche. 

So we won't hold our breath waiting for Deutsche Bank's rigorous internal investigation to uncover anything material here and even if this ends up causing the New York Department of Financial Services to revisit the terms of the settlement, any additional fines or "punshments" will of course be inconsequential, but what is interesting is that given the sheer depravity revealed in the transcripts of chats that were uncovered in the course of the original probe, one shutters to think what was so bad that it had to be selectively and deliberately purged forever. 

Then again (and we'd be remiss if we didn't draw this rather obvious parallel): "what difference at this point does it actually make?" 

 

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Fri, 07/31/2015 - 08:04 | 6374747 newsoutlet
newsoutlet's picture

1.) A civilian plane flight MH17 from Netherlands to Malaysia was downed over Ukraine-Russia border region 

2.) Most of the passengers where from Netherlands, Malaysia, UK - no one from Ukraine or Russia.

3.) All evidence goes that putin regime supported separatists or putin regime soldiers downed MH17 using BUK. putin regime denies that and creates on it's controlled propaganda channels different versions what happened but later in June over putin regime controlled propaganda channel is reported that putin regime weapon provider that produces BUK admits that - yes, MH17 was downed by BUK. But than lies continues - by saying that it was not Russia BUK.

4.) Netherlands, Malaysia, Ukraine and other countries initiated UN resolution to create UN tribunal to investigate this terror attack.

5.) Russia was only country that veto this UN resolution and later putin regime representative in UN Churkin told:

"We hope that the investigation will understand and come and impunity for those who knocked plane, and those who sent in a war zone"

http://en.molbuk.ua/world/95960-obmovka-za-freydom-churkin-spodivayetsya...

 

Now, just how brainwashed idiot you have to be to still believe in putin regime propaganda and not to understand that it was done by putin regime?

Fri, 07/31/2015 - 08:06 | 6374756 Looney
Looney's picture

Deutsche Bank needs a new CEO – Lois Lerner… or Hillary ;-)

Looney

Fri, 07/31/2015 - 08:09 | 6374767 Usurious
Usurious's picture

Archie: I'm gonna go into town and get me a good Jew lawyer.

Fri, 07/31/2015 - 08:11 | 6374771 Haus-Targaryen
Haus-Targaryen's picture

If Putin wanted to down a passanger airliner for shits & giggles, why not go for the new Dream Liner or maybe an A-380?  Seems like a better use of a missile?  

Me thinks the Ukies downed it via a fuckup, and then blamed the Russians, and gave the Dutch their Gold as a "shit I'm sorry" kinda deal. 

Fri, 07/31/2015 - 08:16 | 6374787 Amish FinEng
Amish FinEng's picture

Western Digital, worst raid drives ever made. Platters just get up and walk off the job!

http://amishoutlaws.com/amish_steppin805.jpg

Fri, 07/31/2015 - 08:27 | 6374822 SoilMyselfRotten
SoilMyselfRotten's picture

WTF...govt trolls are quickest to the draw now?

Fri, 07/31/2015 - 08:36 | 6374859 negative rates
negative rates's picture

Hey, lets go over to your house, and sometimes we can go over to my house.

Fri, 07/31/2015 - 08:39 | 6374872 Aaaarghh
Aaaarghh's picture

lol, copy paste is a wonderful thing eh soil? XP

Fri, 07/31/2015 - 08:20 | 6374798 newsoutlet
newsoutlet's picture

I think that even putin regime is not that sick in mind to down passanger plane on purpose - I think it was a mistake. Still this mistake cost 298 lives.

Fri, 07/31/2015 - 08:29 | 6374830 SoilMyselfRotten
SoilMyselfRotten's picture

CNN called, they want their last viewer back, hurry...

Fri, 07/31/2015 - 08:33 | 6374849 DogOfSinope
DogOfSinope's picture

I concur that Putin's regime is not that sick in mind to down passenger plane on purpose.
However, I think that Ukraine neo nazis are sick enough in mind (burning pregnant women alive is just like a performing art for them, as we could witness) to down passenger plane on purpose - just to blame it on Russians.

Fri, 07/31/2015 - 08:51 | 6374925 DogOfSinope
DogOfSinope's picture

You are working for Deutsche Bank and tasked to derail any discussion about them being filthy criminals, aren't you?

Fri, 07/31/2015 - 08:14 | 6374763 JustObserving
JustObserving's picture

Who Shot Down MH-17?

Paul Craig Roberts July 30, 2015 

The available evidence convinces me that the Malaysian airliner shot down over Ukraine was a plot hatched in Washington in order to blame Russia, blame which helps Washington’s pressure on Europe for sanctions against Russia. An alternative explanation is that Washington’s stooge government in Kiev in an assassination attempt against Vladimir Putin mistook the Malaysian airliner for Putin’s airplane.

The circumstantial evidence in favor of the former explanation is that the Western media was primed and ready to go with stories blaming Russia the minute the news broke that the airliner had been downed. No evidence was available, but the Western media was uniform in accusations against Russia and “Russian-supported separatists.”

In making up your own mind, consider these two reports:

http://www.globalresearch.ca/support-mh17-truth-osce-monitors-identify-shrapnel-like-holes-indicating-shelling-no-firm-evidence-of-a-missile-attack/5394324 
http://www.globalresearch.ca/mh-17-the-unanswered-questions/5465618

http://www.paulcraigroberts.org/2015/07/30/shot-mh-17-paul-craig-roberts...

Fri, 07/31/2015 - 08:17 | 6374789 newsoutlet
newsoutlet's picture

And how that goes with fact that Girkin (DNR military ex-leader but leader at that moment) admitted him self shoting down airplane - only thing is - than he thought it was Ukraine military transport plane. Mada a mistake. And even putin regime contolled propaganda media reported this fact that so called separatists shot down this plane - thinking it was Ukraine military transport plane.

 

 

Fri, 07/31/2015 - 08:23 | 6374801 Aaaarghh
Aaaarghh's picture

sorry matey, but you need to clean up your english to be taken seriously here. You could tell me cold hard truths, and I still wouldnt believe you as I cannot eliminate the image of a ukrainian government stooge typing away somewhere in kiev.

Plus I believe almost anyone other than our lying us/uk governments anyway, based on what I have read to date.

Fri, 07/31/2015 - 08:27 | 6374821 newsoutlet
newsoutlet's picture

I know 4 languages - maybe not perfect / native - but still.

How many languages do you know?

Fri, 07/31/2015 - 08:29 | 6374834 Aaaarghh
Aaaarghh's picture

Im not the one protecting the west/ukraine with their bullshit story.

You win on the languages front, I was merely commenting on the image it conjures up in my mind. You have to be wary of the trolls on here you know :P

Fri, 07/31/2015 - 08:40 | 6374867 SoilMyselfRotten
SoilMyselfRotten's picture

You must be especially gifted to be FOS in 4 languages

Fri, 07/31/2015 - 08:30 | 6374842 TheFourthStooge-ing
TheFourthStooge-ing's picture

You porridge in a head, shit picked up and repeat like a multilingual parrot.

Fri, 07/31/2015 - 09:18 | 6375023 PrayingMantis
PrayingMantis's picture

 

 

... @newsoutlet ...

I know you're from Latvia and you know 4 languages ... going under the name of Viedoklislv or Viedoklis.lv >>> https://stopputinregime.wordpress.com/author/viedoklislv/ >>> https://www.google.ca/?gws_rd=ssl#q=viedoklis >>> http://www.viedoklis.com/  ... and Viedoklis is latvian for "viewpoint" or "point of view" or "standpoint" ...

... in this forum, I think your "point of view" about Mr. Putin and Russians in general is rather boring and already bordering on nausea ... and I was very tempted, almost, to respond to your tempest in a teapot trolling by writing  "your latvian mama is so fat when she gets a headache she puts mayonnaise on her aspirin" ... but that would be rude ... so I decided not to ... instead, I'd simply ask you to please refrain from further wasting valuable space by trolling this site and stay within the periphery of your latvian wordpress blog ... we want a more sane discussion of fun issues here at ZH ... this is just a friendly advice ...

sincerely,

Praying Mantis

ps ... I know more than 4 languages  ... and English is not my mother tongue ... so, if you know 4 languages, what's that got to do with convincing people here of your anti-Russian "Viedoklis"? ... hmm?

 

 

Fri, 07/31/2015 - 09:36 | 6375091 newsoutlet
newsoutlet's picture

If there was no truth to my words - my comment would not create page long discussion.

It would simply be ignored.  You also could just ignore it. But you didn't - you also joined.

"we want a more sane discussion of fun issues here at ZH "

Do you always had this personality split when you express your self by using form "we"? How many personalities do you have?

P.S. Again - You now have a choice.

Fri, 07/31/2015 - 09:55 | 6375149 Uncle Sugar
Uncle Sugar's picture

We need Boris here to translate.

Fri, 07/31/2015 - 10:02 | 6375175 overmedicatedun...
overmedicatedundersexed's picture

The catch phrase for this century:"NO Controlling Legal Authority" al gore was genius. http://www.washingtonpost.com/wp-srv/politics/special/campfin/stories/op...

 

Fri, 07/31/2015 - 09:59 | 6375152 PrayingMantis
PrayingMantis's picture

 

 

@newsoutlet ...

... so I was right, you ARE from Latvia ... you're a "Liv" ... and obviously not one of the 26.9% ethnic Russians in Latvia ... and I also know that Latvia (established in 1918) was forcibly incorporated into the Soviet Union in 1940 ... now I can understand your deep-seated hatred against the Russians and you're using this forum to whine ... which one of your relatives got raped by the Russian hordes during the invasion ... or was it you?

 

... "using form "we"? "

   ... well, that is the royal "we" used for discussion purposes ... to indicate that not only me, but from the list of comments, several posters had already expressed their sentiments about your rants and raves ... it's not about splitting personalities ... more like splitting hairs ...

 

... remember, there's always two viewpoints to a story ... much like two sides to a coin ... your point of view might not be correct if the other side is true ... remember that ...

 

... I'll leave you with a Latvian story about two opposing views ...

 

... Two Latvian look at clouds.

One see potato. Other see impossible dream.

Is same cloud. ...

 

... did you get it?

 

Fri, 07/31/2015 - 10:34 | 6375250 newsoutlet
newsoutlet's picture

Please provide evidence that would prove my hate to Russians?

I don't hate Russians - I have friends, neighbors, colleagues Russians. And we get along just fine.

What I don’t like is how criminal putin regime takes advantage of naïve people to manipulate them and turn into zombies that follow putin aggressive criminal plans. So it’s about exposing and stopping putin regime not about hating Russians. In my eyes Russians are victims of putin regime. Just like Germans under hitler – they where manipulated by it. And those who understand reality – got oppressed or killed. Just like in Russia.

When Russians travels to Latvia - they told me about how they thought that it's dangerous to speak Russian in Latvia because they could get beaten or even killed for that - because that is how they are brainwashed in Russia - that in Baltic states there are fascists and nazis. But when they meet Latvians and see that all that putin hate propaganda is complete BS, they are suprised. No one hates them, no one attacks them, actually majority knows russian as second language and will help them out if necessary. That is when they start to think that something is not right with information they receive from russia state tv.

 

So you see – your assumptions about me where wrong. 

Fri, 07/31/2015 - 11:09 | 6375438 PrayingMantis
PrayingMantis's picture

 

 

... "Please provide evidence that would prove my hate to Russians?" >>> here >>> newsoutlet ...

 

    ... okay, alright ... we got it ... you're an indigenous inhabitant of Livonia and when you speak your Uralic-Livonian language in public, the ethnic Russians would beat you up ... and the Russians attacked your small country, took all your potatoes and left you starving ...

    ... now, can you just leave? ... and please, don't hijack anymore articles here ... this article is about Libor ... not "lie" bore ...

    ...  excuse me Boris, could you kindly escort @newsoutlet out ... and make sure he doesn't sneak back in? ... thank you ...

Fri, 07/31/2015 - 11:14 | 6375496 newsoutlet
newsoutlet's picture

You where trying to be intelligent, but failed.

Off you go now.

Fri, 07/31/2015 - 11:18 | 6375506 PrayingMantis
PrayingMantis's picture

 

 

... "were" ...

 

... "where", btw, is used when you're trying to locate or find your brain ... :)

Fri, 07/31/2015 - 11:40 | 6375609 newsoutlet
newsoutlet's picture

Yes, that is your level of argumentation. Thanks for showing that.

That would be all now. You can go.

Fri, 07/31/2015 - 11:57 | 6375686 PrayingMantis
PrayingMantis's picture

 

 

... "You can go." 

... where? ...

... nota bene: that is the proper use of the word "where" ... ;) ...

 

... here's another way to use the word "where" ...

... Q: "Where is bread?"

... A: "Why Latvian man wear hat? For to hide bread from family!"

 

... now, @newsoutlet, please leave  ...

 

 

 

 

Fri, 07/31/2015 - 08:23 | 6374804 Haus-Targaryen
Haus-Targaryen's picture

Which begs the question -- who was the asshole that sent a commercial jet over a war-zone? 

Fri, 07/31/2015 - 08:25 | 6374812 Aaaarghh
Aaaarghh's picture

and why isnt the recordings the Ukrainian government confiscated from air traffic control released. Black box data? is that in the netherlands or UK or whothefukknows?

Fri, 07/31/2015 - 08:26 | 6374818 Aaaarghh
Aaaarghh's picture

and which dirty fucker threw a piece of that airplne in the sea to be washed up near madagascar? litterbugs...

Fri, 07/31/2015 - 08:26 | 6374820 newsoutlet
newsoutlet's picture

But didn't putin regime and it's terrorist denied having such weaponry that would threaten passenger airlines?

Fri, 07/31/2015 - 08:32 | 6374846 Aaaarghh
Aaaarghh's picture

i thought they denied having hardware in the area from which the rocket was fired. Also, what was with that picture of the mysterious BUK missile launcher the ukrainian army were driving around with a missing missile in sla.. whatever the town was called nearby?

Fri, 07/31/2015 - 08:38 | 6374868 newsoutlet
newsoutlet's picture

There are evidence of BUK driving around in region controlled by putin regime terrorists: but you have to learn languages to understand tha, mate :)

https://youtu.be/lCgZ61RRFrg

 

Fri, 07/31/2015 - 08:40 | 6374876 Haus-Targaryen
Haus-Targaryen's picture

lol at the use of "terrorist."  

You do realise your country went from being a Russian bitch to the US' bitch, and will likely serve as the front line for WW-III?  

I'd suggest getting out while you can.  

Fri, 07/31/2015 - 09:08 | 6374994 newsoutlet
newsoutlet's picture

'Russian bitch to the US' bitch'

First of all - that is not the case.

Second: if that is how you think - than actually you admit that from your perspective there is no difference from Russia and US regarding their aggresion to other countries.

Fri, 07/31/2015 - 09:35 | 6375088 Haus-Targaryen
Haus-Targaryen's picture

How many nations has Russia bombed in the past 15 years?  

Georgia, and maybe you could say Ukraine.  Although that second one is stretching it.  

Now for the US ...  

Fri, 07/31/2015 - 09:57 | 6375145 newsoutlet
newsoutlet's picture

Here in Latvia - I post comments that exposes also US lies and crimes. And I didn't supported invasion in middle east and don't support it now. And I hate how US veto all UN resolution regarding Israel crimes against Palestinians.  

But that doesn't change truth about Ukraine. Russia is aggressor there and it's Ukrainians that are killed by russians. That is part of Ukraine that got occupied and annexed by Russia not US.

I'm sad that US citizens is loosing freedom and NSA is rising but poor russians has never been actually free people in their country and they are now being manipulated by putin regime. I watch the news that are controlled by putin regime - I have not seen such lies and hate propaganda before. It could only be matched with hitler. Now, It's Baltic states that are next to this new hitler. And we have only one strong ally - US. With al it's crimes and lies and aggression for oil and influence in middle east - it's our guaranty we will have our country, our language, our traditions - everything that was attacked by Russians under USSR time. Maybe you understand it - maybe not.

 I see there is a chance to fix US because there was a time it was fixed, but I don't see that in Russia. 

I would love to see normal democratic open country as our neighbor - that would respect my country & I would respect theirs. Russia could be rich if only it would not be corrupt. Russia could be beautiful and I would like to travel there if only it would not such a high murder rate and corruption. I would love to see beautiful free rich country as my neighbor - but Russia is not that kind. unfortunately. 

 

 

Fri, 07/31/2015 - 08:41 | 6374881 Aaaarghh
Aaaarghh's picture

ok, bored now...going to learn ukrainian so I can better understand the ukrainian media.. :(

Fri, 07/31/2015 - 08:41 | 6374887 negative rates
negative rates's picture

This guy has a very good memory, that was ages ago.

Fri, 07/31/2015 - 08:32 | 6374847 TheFourthStooge-ing
TheFourthStooge-ing's picture

Another ten such messages and curators will give a cookie...

Fri, 07/31/2015 - 08:38 | 6374864 Haus-Targaryen
Haus-Targaryen's picture

Sure.  

Then again the Ukies were losing aircraft in the weeks running up to MH-17 at the same altitutides, so they knew the Rebels had such equipment.   

Fri, 07/31/2015 - 08:09 | 6374765 Tinky
Tinky's picture

PAID Troll.

Member for 23 weeks.

Do not feed – IGNORE

Fri, 07/31/2015 - 08:10 | 6374770 Haus-Targaryen
Haus-Targaryen's picture

If Putin wanted to down a passanger airliner for shits & giggles, why not go for the new Dream Liner or maybe an A-380?  Seems like a better use of a missile?  

Me thinks the Ukies downed it via a fuckup, and then blamed the Russians, and gave the Dutch their Gold as a "shit I'm sorry" kinda deal.  

 

Fri, 07/31/2015 - 08:19 | 6374794 newsoutlet
newsoutlet's picture

I think that even putin regime is not that sick in mind to down passanger plane on purpose - I think it was a mistake. Still this mistake cost 298 lives.

Fri, 07/31/2015 - 08:21 | 6374800 Haus-Targaryen
Haus-Targaryen's picture

So you think it was a Rebel Fuckedup, I think it was a Ukie Fuckup.  The fact is no one really knows what happened.  I suspect both sides will be pointing fingers at eachother forever. 

Fri, 07/31/2015 - 08:25 | 6374816 Tinky
Tinky's picture

Well, we certainly do know that the behavior of the Americans and the Dutch suggests very strongly that it was not the Russian rebels.

Fri, 07/31/2015 - 08:34 | 6374848 newsoutlet
newsoutlet's picture

Ukraine wants UN tribunal but Russia doesn't and even said it hopes thos who will be found guilty - will be released without any punishment.

"We hope that the investigation will understand and come and impunity for those who knocked plane, and those who sent in a war zone"

http://en.molbuk.ua/world/95960-obmovka-za-freydom-churkin-spodivayetsya...

Now - what motive to talk like that and veto tribunal would be for russia if they have real evidence that MH17 was shot down by Ukraine? None!

But what motive to veto tribunal and ask for impunity for thos who shot down MH17 knowing it was them (their mistake) - every motive.

 

Use some logic!

Fri, 07/31/2015 - 08:35 | 6374858 Haus-Targaryen
Haus-Targaryen's picture

I am.  If you think that anything run by the US would give Russia a fair shake is nonsensical.  

The US will have their team of experts say it was the Russians.  The Russians will have their team of experts saying it was the Ukies.  

Fri, 07/31/2015 - 08:44 | 6374896 Ghordius
Ghordius's picture

you are discounting the alternative of having a mixed team from many different countries, aren't you? after all, we are talking about the UN, here

whoever did it, in many places this Russian veto looks bad. but I presume in the US media it's completely irrelevant, then the UN has never had any rational reporting in America

Fri, 07/31/2015 - 08:48 | 6374910 Haus-Targaryen
Haus-Targaryen's picture

When the UN passed a Resolution confirming the sun has no impact on "Climate Change" I wrote the entire organization off.  

You should as well.   

Fri, 07/31/2015 - 08:44 | 6374898 newsoutlet
newsoutlet's picture

US and Russia is not whole world. Citizens of Netherland and Malaysia demands tribunal -their families where killed in this tragedy.

Of course putin regime understands how this mistake done by them & their terrorists looks - so they try to hide it any way possible.

Truth will be brought - you will see that.

Fri, 07/31/2015 - 08:49 | 6374917 Haus-Targaryen
Haus-Targaryen's picture

Perhaps.  

However, even if the Rebels did shoot it down -- by your own admission it was a mistake, and it was the Ukies who sent a commercial aircraft over a war-zone.  

Seems like this is really in the Ukies court more than anyone.  

Fri, 07/31/2015 - 08:54 | 6374939 newsoutlet
newsoutlet's picture

I don't know about that part - I think it should be figured out in UN tribunal.

Unfortunatley putin regime vetos it.

It's because than putin regime will have to take also responsibility for at minimums providing BUK to "rebels" - which is something putin denies.

Fri, 07/31/2015 - 09:28 | 6375068 DogOfSinope
DogOfSinope's picture

Yeah. As some other took responsibility for some other downed plane. Even when it was not disputed who downed it.

http://antiwar.com/blog/2014/07/25/cnn-us-never-apologized-or-admitted-s...

Fri, 07/31/2015 - 09:00 | 6374955 Aleedsfella
Aleedsfella's picture

oop's wrong box, why can you not delete on here?

Fri, 07/31/2015 - 09:02 | 6374975 newsoutlet
newsoutlet's picture

"Nato wanted to use the MH17 as a false flag to oust Putin or Start a war. "

NATO to start a war with what? With Russia? And what would be that goal?

If NATO would wanted to attack to Russia than there is no need for false flag, because Russia is attacking Ukraine and changing world borders - that is breaking every law.

Fri, 07/31/2015 - 08:33 | 6374850 quasi_verbatim
quasi_verbatim's picture

You must be a Ukienazi. Why are you posting on ZH and why aren't you burning Moscow?

Fri, 07/31/2015 - 08:46 | 6374904 Huh Reeeally
Huh Reeeally's picture

Rather off-topic. I think most ZHers recognize propaganda regardless of its source.

Fri, 07/31/2015 - 08:49 | 6374916 Lumberjack
Lumberjack's picture

ban newsoutlet

not ban newsoutlet

 

Charge: Excessive trollism.

Fri, 07/31/2015 - 08:58 | 6374956 roadhazard
roadhazard's picture

IF Russia has all that "evidence" it was the Ukraine Army that shot down the plane they would jump at the chance to show it to the UN. I call bullshit on Russia. Of course POOTIN did not shoot down the plane but his weapons in the hands of drunk rebels did. Whine on Pootin lovers.

Fri, 07/31/2015 - 08:58 | 6374962 indygo55
indygo55's picture

Hey NEWSOUTLET, why dont you mention how there are zero hi REZ sattelite images of said attack? You know they exist. Where are the black boxes? Oh, they are held in a secret cabal of investigators that excludes Russia, the one being blamed. In the US we are supposed to be able to face our accusers. Why is Russia not allowed to see the evidence? Open inquiry? Right? Nope, not with you.

Why are the results of the closed inquiry into the black boxes secret? Where are the tower audio tapes? Why dont you mention that? Hypocrite!!!

Fuck off TROLL!!!!!!!!!

Fri, 07/31/2015 - 09:13 | 6375009 newsoutlet
newsoutlet's picture

Which investigation has done that manner?

 

Officially Russia has NO role in this - there where no Russians in that airplane and plane was not downed in Russia territory. Actually, officially Russia should not have any motive to veto such tribunal. If only Russia knows that it's behind this terror attack and wants to avoid taking responsibility. 

Fri, 07/31/2015 - 09:38 | 6375099 roadhazard
roadhazard's picture

Ask those questions at the UN or STFU.

Fri, 07/31/2015 - 09:01 | 6374963 Aleedsfella
Aleedsfella's picture

Logic! Nato wanted to use the MH17 as a false flag to oust Putin or Start a war. They were already getting the plan going and screaming about evil Putin when he got hold of the black box for the plane, copied the data and publicly gave the black box back. At which point Nato scum/politician, shut the fuck up, scurried away and swept the whole thing under the carpet.

The anti Russian propaganda has reached moronic levels here in the UK, yesterday evey major news paper ran the story of Russian jets invading our air space when with a little research it was found that the Russian jets were un-armed and flying in international air space along the Russian border. While nato has a fucking huge military drill on the Poland/Russia border. Putins crime was to kick the Rothschild bankers out of Russia.

 

http://www.dailymail.co.uk/news/article-3180004/Sharp-rise-number-times-...

Fri, 07/31/2015 - 09:39 | 6375104 roadhazard
roadhazard's picture

Have Russia tell it at the UN or STFU.

Fri, 07/31/2015 - 08:04 | 6374749 Buckaroo Banzai
Buckaroo Banzai's picture

"Left them in my other pants"

"The dog ate them"

"They were here a second ago"

"Shit happens I guess"

Fri, 07/31/2015 - 08:05 | 6374753 aleph0
aleph0's picture

... No problem , I'm sure the NSA can help you out
;-)

Fri, 07/31/2015 - 08:59 | 6374966 Solio
Solio's picture

Not with the enormous transfers. Another day, crime goes on.

Fri, 07/31/2015 - 08:05 | 6374754 Troy Ounce
Troy Ounce's picture

Like my boating accident. All my gold coins gone at the bottom of ocean. GONE!

Fri, 07/31/2015 - 08:05 | 6374755 Atomizer
Atomizer's picture

Douchebag Bank upgraded to Windows 10.

Fri, 07/31/2015 - 08:08 | 6374762 Atomizer
Atomizer's picture

Hocus Pocus, now you see it and now you don't. 

Fri, 07/31/2015 - 08:10 | 6374769 agstacks
agstacks's picture

I tired the "software glitch" line in 10th grade and the teacher didn't buy it...

Fri, 07/31/2015 - 08:12 | 6374773 Debugas
Debugas's picture

i suspect in similar way they can lose my bank account records

so i better take my money out

Fri, 07/31/2015 - 08:14 | 6374778 1000yrdstare
1000yrdstare's picture

The are all untouchable..... hedge accordingly.

Fri, 07/31/2015 - 08:14 | 6374781 gcjohns1971
gcjohns1971's picture

Uh-huh.
POOF!

Just like that.
And they're gone.

Dog must have eaten them...or hamster...goldfish?

Honestly, better call Agent Moulder. I saw a smoking man lurking around with some cloaked children who appeared to have gray skin.

Fri, 07/31/2015 - 08:15 | 6374783 World citizen
World citizen's picture

What would we do to cover up things without software glitches, I wonder...

Fri, 07/31/2015 - 08:15 | 6374784 shovelhead
shovelhead's picture

Oh, Whoopsie Daisy.

I'm sure they'll turn up somewhere.

Fri, 07/31/2015 - 08:16 | 6374788 overmedicatedun...
overmedicatedundersexed's picture

deutsche bank  used the IRS servers, so of course the records are all gone. simple really.

Fri, 07/31/2015 - 08:19 | 6374793 firstdivision
firstdivision's picture

Tom Brady excuse seems to be working okay.

Fri, 07/31/2015 - 08:20 | 6374795 Maestro Maestro
Maestro Maestro's picture

The EU is the enemy of Europeans. The EU is a For the bankers, by the bankers conpiracy to subvert and supersede the laws and rights of sovereign European nations.

Europeans,

How stupid you are.

Ever since the creation of the Euro, life for you Europeans became more expensive, more difficult and more miserable.

Hence,

You Europeans are stupid,

for putting up with this shit,

and electing politicians like Hollande or Tsipras who claim to be of the Left,

yet,

who screw you and do what the bankers want, EVEN when you tell them to fuck the bankers in referendums.

Fuck you Europeans.

You're a bunch of stupid animals.

Fri, 07/31/2015 - 08:49 | 6374914 Ghordius
Ghordius's picture

I'm confused. which club are we supposed to shut down, according to you? the EU (28) or the Eurozone (19)? moooh, moooh

oh, and what are you shutting down? I could come up with some suggestions...

Fri, 07/31/2015 - 08:24 | 6374803 WVO Biker
WVO Biker's picture

When I wanted to open a Letter of Credit in the early 90s via Deutsche they asked me to take a credit to fund a savingsbook that would secure the L/C. At the same time Deutsche was happy to accept criminal money in their local branch. Young kid from a large family with immigration background: "I want to deposit this (bundle of cash) in the savings account of my aunty"  

Fri, 07/31/2015 - 09:02 | 6374946 Atomizer
Atomizer's picture

I had one of those Passbook savings accounts with Huntington Bank in Chagrin Falls, OH. My grandparents endured the depression unscathed. They instilled the importance of saving, rather than spending. 

Fri, 07/31/2015 - 08:24 | 6374810 PhiBetaZappa
PhiBetaZappa's picture

Constant BS inovation - "software glitches" have replaced "never saw it coming" as the new generic BS excuse.

Fri, 07/31/2015 - 08:29 | 6374835 cornedmutton
cornedmutton's picture

Sounds like the Bank has defaulted. No settlement. Next!

Fri, 07/31/2015 - 08:30 | 6374838 quasi_verbatim
quasi_verbatim's picture

How did DB trash all these digital records without flying a couple of planes into buildings?

Fri, 07/31/2015 - 08:37 | 6374863 Calculus99
Calculus99's picture

Probably try to blame it on an 'intern'. 

Fri, 07/31/2015 - 08:39 | 6374871 Able Ape
Able Ape's picture

Simple solution, if they can't find the records, "you owe us $100 billion rather than 2.5B, cough it up or the execs go to the slammer"...

Fri, 07/31/2015 - 08:46 | 6374902 Lumberjack
Lumberjack's picture

ban newsoutlet

not ban newsoutlet

Fri, 07/31/2015 - 08:48 | 6374912 Lady Jessica
Lady Jessica's picture

The WSJ has a beef with DB.  Let's think this one through....

Fri, 07/31/2015 - 08:54 | 6374940 MrBoompi
MrBoompi's picture

I dont think its a good idea to rely on bankers to keep and maintain the evidence of their own criminal actiivities.  In fact, it would be a surprise if all of the records were saved.  Let's face it, some people are above the law and are treated in ways the rest of us would never be.

Fri, 07/31/2015 - 08:58 | 6374958 NuYawkFrankie
NuYawkFrankie's picture

My advice - fwiw - to Deutsche Bank:

 

1) Make a donation to the Clinton Foundation (in CASH!)

2) Put in a call to the Queen Of Sleaze

3) Repeat Step #1 - if necessary - until "situation" resolved.

You're welcome. Aufwieidersein

Fri, 07/31/2015 - 09:06 | 6374987 Berspankme
Berspankme's picture

Douche Bank. Nuff said

Fri, 07/31/2015 - 09:44 | 6375115 Phillyguy
Phillyguy's picture

This is almost as big news as Tom Brady allegedly destroying his cell phone.

Fri, 07/31/2015 - 10:30 | 6375298 Chuck Knoblauch
Chuck Knoblauch's picture

A FLOATING BRICK.

Fri, 07/31/2015 - 11:06 | 6375455 withglee
withglee's picture

Back in April, Deutsche Bank agreed to pay $2.5 billion (or around $25,475 per employee) to the DoJ, the CFTC, the NY Department for Financial Services, and the UK’s FCA in connection with the bank’s role in the global conspiracy to rig LIBOR (and EURIBOR, and TIBOR, but who’s counting).

This is rigging squared.

Interest in a properly managed Medium of Exchange (MOE) must be perpetually equal to defaults experienced. The governing relation is: INFLATION = DEFAULT - INTEREST = zero.

LIBOR (and all the others) are an open conspiracy to rig the MOE. So what does it mean to rig the rigged rig?

Well, now we know. It's rigging cubed. The government looks the other way ... wacks the obvious perpetrators down for 10% of the ill-gotten-gains this allows ... and repeats.

What a country!

Fri, 07/31/2015 - 12:27 | 6375833 detached.amusement
detached.amusement's picture

10%  hahaha

Fri, 07/31/2015 - 11:09 | 6375472 Dragon HAwk
Dragon HAwk's picture

I hate when a good thread gets hijacked. I was hoping for some Deutsche Bank belly up laughs

Fri, 07/31/2015 - 11:15 | 6375497 Sanity Bear
Sanity Bear's picture

The records are sitting on a conference table in the IRS' Cincinatti office.

Fri, 07/31/2015 - 12:10 | 6375747 Joebloinvestor
Joebloinvestor's picture

Now you know when it is better to look complicit then revealing the truth.

The truth might put you in jail.

Complicit may get you a fine.

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