Say 'Auf Wiedersehen!' to Deutsche Bank...............from Rico

Deutsche Bank [DB] as the World once knew it is no more. It has ceased to exist.

- DB shareholders seem to have figured-out the bank can never return to profitability without any revenue. Shares are down 5% from low.

 

Remember the 2007-08 Financial Crisis? That started overseas, too. Watch for the 'derivatives' to take a bite out of everyone's ass next.

- Meanwhile, roughly 20,000 highly-educated elite banking professionals are going away, and these 'smaht guys' will be able to answer this riddle:

           There Is No Joy in Sindelfingen*

Q: What's the difference between an ex-Deutsche Bank employee and a pigeon?

A: A pigeon can leave a deposit on a new Mercedes.

 

*Sindelfingen is the suburb of Stuttgart where Mercedes is located.