Deutsche Bank toxic derivative losses

MobileSaver

AG47 wrote: »

I was 100% correct. So I made it clear that they can not go bust as you claim that I said.

You were 100% wrong. It is there in black and white that you guaranteed they would go out of business in 2017. "I guarantee DB will not last another 12 months"

How you can argue against irrefutable proof is beyond me and I suspect most other posters here; clearly you suffer from the same illness as Trump, tell the same blatant lie enough times and you start to believe it yourself!

phillw

AG47 wrote: »

Thanks for proving me right:T

Please explain how you came to that conclusion, because that isn't what happened.

AG47 wrote: »

Do you still try to deny all the things happening to DB? Do you still think everything is rosey for this too big to fail bank?

That is a completely separate discussion. Nobody has ever denied that DB don't have some issues, it's the scale and implication of the issues that has been discussed for the last 3 years.

You seem to be making vague claims so that you can then backtrack, nothing like what you said is what is actually happening to DB now. You seem to be relying on being so slippery that nobody can be bothered in repeatedly debunking you.

Kentish_Dave

MobileSaver wrote: »

You were 100% wrong. It is there in black and white that you guaranteed they would go out of business in 2017. "I guarantee DB will not last another 12 months"

How you can argue against irrefutable proof is beyond me and I suspect most other posters here; clearly you suffer from the same illness as Trump, tell the same blatant lie enough times and you start to believe it yourself!

It’s interesting, seeing the far end of the conspiracy theorist’s delusions, which at this point has him denying things that he actually has quoted to him.

I do find conspiracy theories and their nut-job proponents to be fascinating.

westernpromise

I have always wondered why the whack jobs who follow people like David Icke and his ilk don't see through him when something he predicts totally fails to happen.

The answer, it appears, is that the prediction never happened.

phillw

westernpromise wrote: »

The answer, it appears, is that the prediction never happened.

Yeah, I'm kinda at a loss now what AG47's point in 2016 was as he is denying the words mean what they mean.

RealElement47

I'm very sorry but this headline says it all

Worst loss in 4 yrs

https://www.theguardian.com/business/2019/jul/24/deutsche-bank-posts-worst-quarterly-loss-in-four-years

MobileSaver

RealElement47 wrote: »

I'm very sorry but this headline says it all

You're right; the headline confirms AG47's predictions could not have been more wrong and that far from going bust in 2017 they have implemented a turnaround plan and expect to be back in profit next year.

a €3.1bn net loss driven by €3.4bn in costs related to job cuts and reorganisation at the bank ... and is aiming to return to profit next year.

RealElement47

The cheerleaders may think this latest attempt at a turn around plan will make everything look roses again.

The simple fact is the fifty trillion in derivatives problem can not go away

Kentish_Dave

Why are you now posting from two accounts?

You guaranteed that DB would go bust two years ago. They did not.

Are you under the care of any sort of health team, or do you have a caree or the like?

While it’s clearly good fun seeing you now outright lie to hide your mistakes I’m starting to worry that you have actual problems that may be affecting you and those around you in less amusing ways.

I’ve friends who work at DB who are less obsessed with the bank than you are.

AG47

Exclusive: Deutsche Bank sets aside $1.1 billion to exit derivatives.

https://finance.yahoo.com/news/exclusive-deutsche-bank-faces-1-151608050.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANV3LZRx9n5Zdo4LiSfvig4V0wBrPmIiQu4YsA7sOB-aroYGa6tMXdVFkEsCtU7s94TNrlSbHfNlH-HY1K5BA0jV3NTY99e9UlPvv_0y0NPhkCJS-ihQjiBbm0g09dRxVAvs24ZudlXRSFb2dXLPoSU97hOLL2ONGjTkuPDAIyah

1.1 billion is a drop in the bucket of fifty trillion derivatives problem.

Question, once they go into the bad bank who takes on the losses? The German government or the EU? Somebody has to take on the liabilities who takes the losses?

If it is the EU then brexit a good thing.