“Deutsche Bank AG (DBK), perennially among the top three in global credit markets, made billions of dollars of loans to banks worldwide since 2008 and accounted for them in a way that obscured their continuing risk to investors. Germany’s largest bank managed to lend to firms from Brazil to Italy while making the transactions disappear from its balance sheet, even though it still is owed the money, according to four people with knowledge of the practice and internal documents provided to Bloomberg News. In the no-balance-sheet transactions, Deutsche Bank received the collateral, sold it and used the cash to make the loan.”
Deutsche Bank’s Opaque Loans From Brazil to Italy Hide Risk
- Post author:The Freedom Watch Staff
- Post published:July 11, 2013
- Post category:Network Archives
Tags: Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, Europe, for life and liberty, Mainstream News, Resistance, sound money, The Freedom Watch, What Could Possibly Go Wrong, White Shoe Boys
The Freedom Watch Staff
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