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Nemo
The bank that couldn’t trade straight
Deutsche Bank Slides After Mortgage Probe Unveiled; Admission It Rigged Stocks
A month after admitting to rigging precious metals markets, Deutsche Bank has been hit with a double-whammy of more alleged fraudulent behavior today and the stock is sliding. First, Reuters reports that the bank took a charge of 450 million euros for “equity trading fraud,” and then Bloomberg reports that The SEC is looking into Deutsche’s post-crisis mortgage positions.
First, as Reuters reports,
Germany’s Deutsche Bank said it took a charge of around 450 million euros (348 million pounds) last year in relation to share trading fraud, but declined to give any details on Monday.
The bank increased its provisions for “external fraud” to 475 million euros in 2015 from 20 million euros in 2014, according to its annual report.
“The increase in the event type ‘External Fraud’ is caused by a provision for equity trading fraud,” the bank said in the report, which was published in March.
And then, as Bloomberg reports,
SEC investigating whether Deutsche Bank inflated the value of securities in its mortgage-bond trading business, masked losses around 2013, according to people with knowledge of the matter.
Investigators looking at positions overseen by Troy Dixon, who at the time ran the bank’s trading for U.S. government- backed mortgage bonds known as agency pass-throughs.
SEC asking whether DB delayed recording losses on those securities over an extended period of time
Ororeef re: Vietnam
If we’re selling them military aircraft then they must really be our pals …
I’m sure they’d like to have the better relationship with us to help protect them from China. A no brainer …
Floridagold @ 11:34
Make sure you bring along a jack hammer. I hear the footings for Wanka’s house are poured in .999 gold!
Just don’t walk on his lawn! 🙂
Goldie
There will always be Cultural clashes when the refugees overwhelm local ability to assimilate them ..Just like we see in Germany and now Italy today.i still am stopped on the street by former Vietnamese employees who go out of their way to say hello and introduce me to their children .I take that as a compliment and a thank you for helping when they needed it ,they want to show me my help was not wasted ,it was put to good use.I didnt give them anything for FREE ..no handouts.. just a JOB ! They made the most of it.!
The same with the Cubans I helped ..not so much lately since so much time has passed and they have assimilated very well,as evidenced by recent Presidential campaigns. However Donald Trump is correct neither of the refugees groups I encountered were terrorists in my experience….Muslims have a religious conflict problem ,so Trump is acting Prudent by halting imports until he can determine “what is going on”. In my opinion the Muslims are engaging in a “infiltration campaign” and have NO INTENTION of assimilating ..thats quite different than the Cubans & Vietnamese.
I would welcome those that want to become Americans,and reject those that see an opportunity to infiltrate and overwhelm with deceitful purpose . Thats what Trump is concerned about and I agree ….we need to be very carefull with this NOT allow ourselves to be used for ulterior motives like Trump says “get smart”.not stupid.!
The whole mid East is a snake pit of two faced liars deceitful cleverly disguised self serving cheats and I include all of them …including so called friendly mid- easterners. and That requires a different set of rules….
Vietnam refugees
When they first landed in San Diego they had a lot to learn. My inlaws USMC lifers they or his wife were in charge of setting them up with housing at Camp Pendelton.
There was many problems for the locals when they came and spread out into nearby cities like Orange country to as far as Sacramento. One of the biggest alarms is people’s pets were missing. There was a thing going around not to let your pets outside. They’d take people dogs and cats kill and eat them. They used public washing machines for toilets.
Many complaints of anywhere there was a line they would just walk up in front of it and then say no speak English. Some of the professionals were rude and not trusted like doctors and dentists. Many of the poor states on welfare having kods and raising them on it. Then Vietnamese Gangs started raising trouble. They acted like they owned the city although mostly Attacked each other which included breaking in other refugees homes and robbing them. Not all were honest or nice.
Yes there was some that were nice. I met a general in a hospital who had to get out and lost his son also helping the Anericans. He came to the hospital to visit me after he got better. Very nice and funny guy who was gonna teach me some card game pai gou can’t spell it but never had the time and administrators were watching lol I wouldn’t exactly say they were helping Americans but Americans were helping them. China et all were helping the others and others got in with the refugees as well. That’s another issue with letting in refugees. Not to just protect the citizens but the real refugees from the enemy as well.
IPSO ….Vietnam
Us …minutes ago on TV announced sale of Fighter Jets to Vietnam …….
Defense contractors had made multiple visits to Vietnam in recent months although no deals were imminent, said the sources, who declined to be identified because of the sensitivity of the matter. Some of the sources characterized the talks as ongoing.
One Western defense contractor said Hanoi wanted to modernize its air force by replacing more than 100 aging Russian MiG-21 fighters while reducing its reliance on Moscow for weapons for its roughly 480,000-strong military.
Vietnam has ordered about a dozen more Russian Sukhoi Su-30 front-line fighters to supplement a fleet of older Su-27s and Su-30s.
“We had indications they want to reduce their dependence on Russia. Their growing friendship with America and Europe will help them to do that,” said the defense contractor.
US Defense Secretary Ash Carter, during a visit to Vietnam on Sunday, pledged $18 million to help Hanoi buy US patrol boats. But any deal with Lockheed or Boeing would likely be the most significant involving a US firm since Washington started easing a long-time embargo on the sale of lethal weapons to Vietnam in October.
My experience
in NJ was with the CUBANS in the 1960’s, then in the late 1970’s was with the Vietnamese in Virginia …I got a real education what life was like under the Communists ..Thats why I am like I am…The Young and dumb being taught by University LibTards dont know whats going on ! Communists are Masters of Deceit…
D’oh!
Spyware Linked To NSA Discovered In Hard Drives Across The World
ipso facto @ 9:54 on May 23, 2016 Vietnam
I got to know many Vietnamese because I hired them..some of the men were customers who I talked to frequently I got to know a Scout for the US Army who was chased by the NOrth Vietnamese .they followed him here and tried to kill him and his brother who lived in California …They were both military helping the Americans …I got to know the Viet Air Force General Nguyen Kao KEY ( I hope I spelled that right)..He was running a restaurant in N.Virginia …I heard some interesting storys ..they suffered a LOT for helping the Americans …He told me about the desperation to get out when we pulled out ,they knew they would be slaughtered by the Conmmunists, The Price to get on a leaky boat was a pound of GOLD ! I really felt for them !
I don’t invest money into the “Stans”
Kyrgyz court rules against Centerra in first of govt lawsuits
http://finance.yahoo.com/news/kyrgyz-court-rules-against-centerra-142111204.html
Ororeef @ 10:00
Interesting parallels.
Don’t forget the shrimp. Lots of Vietnamese became shrimp boat operators in Louisiana and nearby.
Farmboy
I’ve got my boxing gloves on … but I’m keeping my eyes closed. When I open them maybe things will be better … I’m calling it my Stiltskin strategy.
A good morning to you as well! 🙂
ipso facto @ 9:44 I Think The Muslims Are Smarter
I think the muslims know what would happen if they screamed Allah Akbar and beheaded some Chinese citizen. So much for the practical solution to housing those immigrants. 🙂
Good Morning to you, hope you have your boxing gloves on. The pair with the nails embedded. Like Buygold points out, quite the battle going on in the PM pits. Arrrrghhh, most be monday !
Vietnam
Vietnam is like Louisiana,Oil,Rice and probably nat gas…I dont know if they got any alligators, ! May have crocs ! an added bonus hehe They are tough just like the Cajuns ! The French connection is very interesting ! both have strong French history !
BTW… I have previously employed many Vietnamese in my donut & Coffee shop ,I couldent ask for better employees ,they were good employees and most important to me was they were very honest since all of them handled mine money in a cash business ..I would rate them more honest than Americans ! Never had a minutes trouble with them in 25 years (mostly young females)…
Farmboy 9:25 re A Home For Those Millions of Unwanted Immigrants
It makes sense. I see China as the next “USA”. Their turn for a “strong” reserve currency status, that makes them import people import products and export jobs. Their turn for trade deficits, and a $19 trillion Yuan debt. 🙂
Ororeef @ 9:47
I remember some years ago when China and Vietnam had a bit of a border war. Vietnam bloodied their nose.
“Oil discovered” That would explain a lot.
ipso facto @ 9:36 on May 23, 2016
Its a good stratigic move I advocated here before !Vietnam has always fought with China because Vietnamese export Rice,China has always coveted Vietnams food capacity.China wont mess with them,they defeated everybody they fought with.Chinese,French,Americans…..
Now Vietnam has OIL offshore ,thats why WE were there !
The Human rightds stuff was a cover story,bullshit ….its about OIL and Rice!
Farmboy @ 9:28
That would be a logical move … but I think the Chinese are too smart to want some huge influx of Muslim immigrants into their country!
Morning Oasis
Looks like we’ll have to fight our way back today.
U.S. lifts arms ban on old foe Vietnam as regional tensions simmer
The United States announced an end to its embargo on sales of lethal arms to Vietnam on Monday, an historic step that draws a line under the two countries’ old enmity and underscores their shared concerns about Beijing’s growing military clout.
The move came during President Barack Obama’s first visit to Hanoi, which his welcoming hosts described as the arrival of a warm spring and a new chapter in relations between two countries that were at war four decades ago.
Obama, the third U.S. president to visit Vietnam since diplomatic relations were restored in 1995, has made a strategic ‘rebalance’ toward Asia a centerpiece of his foreign policy.
Vietnam, a neighbor of China, is a key part of that strategy amid worries about Beijing’s assertiveness and sovereignty claims to 80 percent of the South China Sea.
The decision to lift the arms trade ban, which followed intense debate within the Obama administration, suggested such concerns outweighed arguments that Vietnam had not done enough to improve its human rights record and Washington would lose leverage for reforms.
cont. http://www.reuters.com/article/us-vietnam-obama-idUSKCN0YD050
A Home For Those Millions of Unwanted Immigrants
Entire cities, new and uninhabited, ready to house millions complete with shopping malls. Seems the perfect answer for all those unwanted immigrants in Europe and elsewhere.
http://www.ibtimes.com/chinas-ghost-towns-haunting-60-minutes-video-1109858