Part I: When Crunch Comes, Bankers Lie

Part I of IV of my interview with Bloomberg this morning. Deutsche Bank AG co-CEO John Cryan told employees that Germany’s largest bank is “rock solid.” This came as investor concern about capital and funds drove down the value of stocks and bonds. I react to that news and the tendencies of the banking industry when times get tough. Click on the play button in the video below to watch…


 

The Daily Reckoning