Archive | Germany

Is Deutsche Bank the next Lehman?

Looking back at the Lehman Brothers collapse of 2008, it’s amazing how quickly it all happened.  In hindsight there were a few early-warning signs,  but the true scale of the disaster publicly unfolded only in the final moments before it became apparent that Lehman was doomed. First, for purposes of drawing a parallel, let’s re-cap the events of […]

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Did the Fed steal Germany’s gold?

There must be snickers in the NY Federal Reserve as they make a fool out of their too-trusting depositor: Germany.  Imagine lending 300 tons of gold to a bank which never gets audited, and coming back 6 decades later and asking for your deposits — only to be told something like, “Sorry, but now’s not […]

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