“Curt: What are your thoughts on the imminent collapse of Deutsche Bank?”– I do

–“Curt: What are your thoughts on the imminent collapse of Deutsche Bank?”–

I don’t know if it’s imminent. I don’t think it’s all that important economically. So, I would like it to occur. I would be happy if it would occur. And the reason I would be happy is that we would LEARN from it. And the failure would force governments in the west to CHANGE.

But what I suspect will happen is that the german government will not let it happen any more than the American government let Lehman brothers happen. And that the people of Germany will pay for it.

Large Investment Banks are FRAGILE.