Loading ...Re Deutsche bank buy back…..they have to use Capital…which reduces their capital base and thus weakens them even more……but the ECB allows them to deposit the bought back bonds as Capital…..so effectively bails them out, which is illegal under it’s charter….but this kind of scuzzy scheme goes unchallanged. !!!!
Italian and other Club Med banks have been doing this kind of thing for a while…..but it comes to something when Germany’s biggest bank, has to rely on accounting scams, ala the Club Med gangsters, to try and stay afloat……I suspect a depositor run has already started, which is what killed Lehman and Bear Stearns etc.