Deutsche Bank Warns France May Be Put On Downgrade Review Before Year End

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Mon, 10/17/2011 - 15:54 | 1782615 socratesplus
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et tu. brutus?

Mon, 10/17/2011 - 16:00 | 1782638 Ahmeexnal
Ahmeexnal's picture

With friends like Douche Bank, who needs enemies!?!?

Mon, 10/17/2011 - 16:15 | 1782695 ZerOhead
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Frenche Bank Double-dares And Warns Germany May Be Put On Downgrade Review Before Year End.

And so the plot thickens...

Mon, 10/17/2011 - 16:14 | 1782697 gojam
gojam's picture

Except it looks like Germany maybe exiting the Euro.

Read This - http://www.pippamalmgren.com/77.html

It's by Dr Pippa Malmgren a Senior Advisor to UBS and it's effectively an apocalyptic scenario.

Germany is insulating itself.

Weakened Euro will continue.

Mon, 10/17/2011 - 16:40 | 1782809 Ahmeexnal
Ahmeexnal's picture

Some people never change.
Maybe they do need to receive the Carthage treatment.

Mon, 10/17/2011 - 16:46 | 1782834 koperniuk666
koperniuk666's picture

Interesting to note if true.

I have long held that we should play the board as we see it not as we would wish it to be. Ie there will be more lies, blame and printing  - same old, same old.

But an exit from the Euro by Germany would be a stroke of genius and the best outcome for the WHOLE world ( Even us...)

A chaotic break up of EZ would be messy. an exit by PIGS would be impossible to manage ( printing new notes in secret, runs on banks etc)

But if FRG leaves - their notes could be separated in due course and exchanged for a new (NB _ STRONGER currency~)

The rest would be left to rot as toilet paper....

Note that you can identify who issues your Euro notes on;

http://en.wikipedia.org/wiki/Euro_banknotes

 

Mon, 10/17/2011 - 16:53 | 1782850 gojam
gojam's picture

It makes perfect sense. All the dots are joined.

It looks like the Merkozy "Secret Plan".

Should be a lot of upheaval this week.

Here is her Wiki page. She seems to check out

http://en.wikipedia.org/wiki/Philippa_Malmgren

Mon, 10/17/2011 - 17:17 | 1782984 koperniuk666
koperniuk666's picture

If you think either of those parties (Merkozy)  has the integrity to act correctly or the intelligence to "plan' anything then you do not have a clue about government. 

It is the blind leading the blind. Ugly people going from one expedient stop gap to the next. Can you not see the FEAR on Merkels face?  Out of depth and nearly out of TIME.

I worked in government for 20 years.  These people are self serving, vain, incompetent cretins of the first order. And they don't give fuck about YOU.

Thanks for the Malmgren link.

 

Mon, 10/17/2011 - 17:32 | 1783049 gojam
gojam's picture

No Probs,

If you look though you'll see that "secret plan" is in speech marks.

Mon, 10/17/2011 - 15:55 | 1782617 DoChenRollingBearing
DoChenRollingBearing's picture

It's not just PIIGS anymore!

Here it comes, bitchez!

Mon, 10/17/2011 - 16:02 | 1782647 kito
kito's picture

they are all of the porcine persuasion

Mon, 10/17/2011 - 17:35 | 1783072 M.B. Drapier
M.B. Drapier's picture

Introducing ... the FIB PIGS.

Mon, 10/17/2011 - 15:56 | 1782625 PicassoInActions
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Germans wants euro to be cheaper, they are export country. They will play this all the way till weekend. Then we hear positive lies and we get back near 1.40. This game have a precise  schedule.

Mon, 10/17/2011 - 15:56 | 1782626 chaartist
chaartist's picture

Good Bye ESFS expansions...and also the ESFS leveraging

Mon, 10/17/2011 - 15:59 | 1782631 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

 "Iran's Ahmadinejad says US assassination plot accusations meant to cause rift with Saudi Arabia and divert attention from economic woes"

- This man is a pure truth machine, next he'll be telling us 9/11 was an inside job...

 

Mon, 10/17/2011 - 15:59 | 1782636 slewie the pi-rat
slewie the pi-rat's picture

what possesses a sandy-haired bankster to tell the truth?

Mon, 10/17/2011 - 16:00 | 1782640 Racer
Racer's picture

he is short big time

Mon, 10/17/2011 - 16:03 | 1782655 GeneMarchbanks
GeneMarchbanks's picture

Only threats to their own existence. Let the defecting begin!

Mon, 10/17/2011 - 16:20 | 1782730 buzzsaw99
buzzsaw99's picture

Let the defecating begin!

Mon, 10/17/2011 - 16:01 | 1782642 SheepDog-One
SheepDog-One's picture

'Before year end' means 'before Friday this week'. 

Mon, 10/17/2011 - 16:02 | 1782645 Pancho Villa
Pancho Villa's picture

France is the new Italy. And if they are not careful, Germany will be the new France.

Mon, 10/17/2011 - 16:02 | 1782652 junkyardjack
junkyardjack's picture

Dollars will soon be the new toilet paper

Mon, 10/17/2011 - 16:04 | 1782662 machineh
machineh's picture

Stocks will soon be the new Las Vegas houses.

Mon, 10/17/2011 - 16:07 | 1782676 GeneMarchbanks
GeneMarchbanks's picture

Bonds the new mushroom cloud.

Mon, 10/17/2011 - 16:26 | 1782752 wandstrasse
wandstrasse's picture

Guns will be the new firearms.

Mon, 10/17/2011 - 16:31 | 1782776 oogs66
oogs66's picture

they were the old mushroom cloud too

Mon, 10/17/2011 - 16:42 | 1782820 falak pema
falak pema's picture

But USA will remain USA and Mehico, Mehico. 

Mon, 10/17/2011 - 16:02 | 1782654 AngryGerman
AngryGerman's picture

Wir sind Deutsche. Wir machen keine Fehler. Suck this, Frenchies

Mon, 10/17/2011 - 16:30 | 1782770 wandstrasse
wandstrasse's picture

Wir sind Deutsche. Wir machen keine Fehler

DAS ist unser EINZIGER Fehler.

Mon, 10/17/2011 - 16:59 | 1782866 koperniuk666
koperniuk666's picture

Wahr.   War on two fronts was another notable occasion......

 

Oh and buying  BMI.

 

Did I forget Rover?

Or Lidl?

 

 

Mon, 10/17/2011 - 16:03 | 1782657 machineh
machineh's picture

France could be put under “negative watch” by the rating agencies before the end of this year.

What the hell are they waiting for? France is no AAA credit.

Mon, 10/17/2011 - 16:40 | 1782806 falak pema
falak pema's picture

France has more Bordo than it has gold. And so thinks Sarkozy, its my gold to sell to the Chinese. What he doesn't reaiize is that the Chinese prefer Vosne Romanee, not Chatto Laffitte. And he has less Vosne Romanée than even gold....So thats like having copper and thinking you have gold or platinum. Surprise, surprise.

Mon, 10/17/2011 - 16:58 | 1782886 koperniuk666
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and it tastes like shit.

I had a bottle of that Romanee Conti once.

Bloody screw cap leaked all over the Ferrari carpets on the way back from Lidl.......

 

 

Mon, 10/17/2011 - 16:04 | 1782664 Arkaenun
Arkaenun's picture

"especially now that the market can no longer pull the trick it did for the past two weeks, and stick its head deep in the sand of complete factual avoidance."

Betting they still are able to find a way to do just that.

Mon, 10/17/2011 - 16:18 | 1782716 BlackholeDivestment
BlackholeDivestment's picture

...tricks are for kids, sealed in the black hole ...bitchez, but, this generation is ''all grown up'' now and they are all punk'd out and lost within the darkness of deception, lawlessness and pure evil. http://www.youtube.com/watch?v=vvWEKhGU6X4 Frogs can't leap out of this quantum reality. Iran to the resque. Ah haa haa.

Mon, 10/17/2011 - 16:07 | 1782677 hungarianboy
hungarianboy's picture

I guess they're short the EURO :-)

 

Mon, 10/17/2011 - 16:10 | 1782689 tekhneek
tekhneek's picture

Let me guess?

"Lowered from AAAAAAAAAAAA^2 to AAAAAAAAAAA- with a chance for another A to be removed... and maybe even ANOTHER minus symbol perhaps even followed by an exclamation... before years end.... we really don't know why the hell we even bother. We're all insolvent. lulz."

Mon, 10/17/2011 - 16:29 | 1782763 Sequitur
Sequitur's picture

Dude I've commented on this a number of times. The ratings are so fucking stupid, a vapid use of "As" to avoid offending the rated (i.e. the companies that pay fees to the NRSROs).

Look at this bullshit from S&P past ratings:

 

AAA   AA+   AA   AA-   A+   A   A-   BBB+   BBB   BBB-   BB+   BB   BB-   B+   B   B-   CCC   CC   R   SD

Mon, 10/17/2011 - 16:32 | 1782781 oogs66
oogs66's picture

Moody's is better.  It Baa1  Baa2 and Baa3   Ba1   they wanted even more a's

Mon, 10/17/2011 - 17:05 | 1782920 koperniuk666
koperniuk666's picture

Whats wrong with a simple  1- 15  score with

1 being 'as good as the UK' - (never defaulted)

to 15 - 'Don't make me laugh'

Perhaps we could rename 'Greece'  - "15" 

(Sadly Tyler doesn't do Greek fonts.......  I'm wasted around here.......)

Mon, 10/17/2011 - 16:11 | 1782694 broke433
broke433's picture

This is in retaliation to wanting banks to take bigger haircuts... It's mutha effin on

Mon, 10/17/2011 - 16:24 | 1782743 Nascent_Variable
Nascent_Variable's picture

If history has taught us anything, it is that France will unconditionally surrender to the German banks within a week or two and become their vassal state.

Mon, 10/17/2011 - 18:20 | 1783054 Ghordius
Ghordius's picture

.

Mon, 10/17/2011 - 16:17 | 1782703 Manthong
Manthong's picture

".. an acceleration in the resolution process of the Euro sovereign crisis"

Brought to you by the same guys who would prescribe a case of Smirnoff 100 to treat a cirrhosis of the liver patient.

Mon, 10/17/2011 - 16:14 | 1782705 Stroke
Stroke's picture

The European banks will pass the tests

 

and fail the stress

Mon, 10/17/2011 - 16:16 | 1782712 YesWeKahn
YesWeKahn's picture

Telling the truth you die, telling a lie you prosper.

Mon, 10/17/2011 - 16:19 | 1782727 wandstrasse
wandstrasse's picture

...66 European banks will fail the 3rd stress test, and..

'stress test' and 'fail' - this is a contradiction like 'water' and 'burn'.

Mon, 10/17/2011 - 16:27 | 1782744 falak pema
falak pema's picture

drowning by numbers? I thought that when the french central bank says we guarantee you to its private banks they CAN'T fail by definition. Or has the cursor moved and now we define failure by what the market says. Double language everywhere as we hear IMF chief declare, "First the french banks must look to capital from their private investors." How can they when all their private money is sitting in US bank accounts, all 1 trllion of it...These banks speak with forked tongue.

Mon, 10/17/2011 - 16:22 | 1782732 Dingleberry
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Heeeeeere's REGGIE!!!!!!!!!!!!!!!

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