ce399 | research archive: (anti)fascism

Deutsche Bank and the Nazi Economic War Against the Jews (pdf file) Cambridge Univ Press

Posted in Uncategorized by ce399 on 25/04/2011

DeutscheBank

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  1. ce399 said, on 25/04/2011 at 22:27

    Republicans and Democrats signed off on the report, which said Greg Lippmann, Deutsche’s top CDO trader, referred to assets underlying the securities as “crap” and “pigs” at the same time as his bank was selling them to clients. Prior to the crisis, Mr Lippmann built a short position in CDOs, betting that they would fall in value, even though Deutsche had a large long position on the securities.

    “At one point, Mr Lippmann was asked to buy a specific CDO security and responded that it ‘rarely trades’, but he ‘would take it and try to dupe someone’ into buying it,” the report said.

    http://www.ft.com/cms/s/0/80640774-6620-11e0-9d40-00144feab49a.html#axzz1KZnZTccw

    The only “pigs” here are the fascist pigs at Deutsche Bank.


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