Tennwolfman: The RV train is already at the station–We are just waiting for it to stop so we all can get on board and start out on our new journey of living our lives to the fullest and paying it forward as we go. Oh happy day
TennWolfman: we have laughed–we have cried- we have had loved ones that died… we have coughed–we have hacked – still we got pushed back– we have had its coming now–we have had its coming maybe– some in here have even had a baby. I dont like punishment–no, Im not a glutton — so wont someone PLEASE push that RV button
Shybaby: ALERT: Largest Derivative Player’ s Head of Regulation and Compliance is OUT!
The Bad News at the $70T Mega-Derivative holder Deutsche Bank…their chief compliance guru is leaving…fast!
Deutsche Bank Board Member Stephan Leithner to Leave Bank
“Deutsche Bank AG senior executive Stephan Leithner plans to leave the bank after 15 years, vacating a management-board seat he has held since 2012, according to a person familiar with the matter. Mr. Leithner is chief executive officer for Europe except for Germany and the U.K., and is broadly responsible for the German lender’s regulatory affairs, compliance and human resources.”
“Mr. Leithner was among current and former Deutsche Bank executives criticized earlier this year by Germany’s financial watchdog, BaFin, for alleged failures to stop market manipulation and address other cultural shortcomings at the bank.BaFin questioned whether Mr. Leithner was adequately forthcoming with regulators about traders’ roles in efforts to rig financial benchmarks.”
And here’s an interesting tidbit from Bloomberg…
“The lender plans to sell Postbank in Germany. It’s also considering the sale of its U.S. private-client brokerage, a life-insurance unit and a $250 billion portfolio of credit-default swaps, people familiar with the matter said this month.”
BANG, BANG, BANG…now we know who the “counter-party” is on some of the Glencore CDS’s!!!
If anyone buys this CDS Portfolio they are either 1) Insane or 2) a Government Entity that will transfer the risk to the people in order to “save the system!”