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Yes, and they are. In the meantime it has become clear, that they transfered 350 million Euro to Lehman, because they were not willing to finish a discussion on friday afternoon about the credit worthyness of Lehman, because nobody wants to be late at home on weekend.

But an insolvency administrator for a bank is potentially easier than investmentbanker in a bank. They just have to look on the conditions, DB has given an enterprise and take the credit line over.

Most credits in Germany are credits to enterprises. If those credits would be similar distressed as the housing credits in the US, we wouldn't simply have a financial crisis, the whole economy would just have been gone bust. If Deutsche Bank would get bankrupt, it would be due to adventurism on foreign markets, not because of the debt lying on the German economy.

The problem in the US currently is as well not, that there is one big bank, that is bankrupt, but that all banks are under pressure.

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers

by Martin (weiser.mensch(at)googlemail.com) on Tue Sep 23rd, 2008 at 11:59:39 AM EST
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