Deutsche Bank: On the Brink of Disaster

Published on
March 17th, 2020
Duration
74 minutes


Deutsche Bank: On the Brink of Disaster

The Interview ·
Featuring David Enrich

Published on: March 17th, 2020 • Duration: 74 minutes

Part of every financial scandal, bubble, and crash is the presence of misaligned incentive structures. The precarious position of the banking system has many investors and firms scrambling for safety - even some of the largest financial institutions in the world like Deutsche Bank. David Enrich, business investigation editor for the New York Times, joins Real Vision's Ed Harrison to discuss his new book, "Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction." He traces the growth and evolution of the German bank from its founding to today. Enrich outlines the system of misaligned incentives bank executives created, examines Deutsche's relationship with President Donald Trump, and details the unreasonable risks the bank has taken on since the 2008 financial crisis. Filmed on March 4, 2020 in New York.

Comments

Transcript

  • RO
    Robert O.
    17 April 2020 @ 21:16
    He seemed quite reasonable until he concluded that people should be presumed guilty until proven innocent. He does not appear to value other people's privacy; uncertain how he would feel living in China with a social score that is not consistent with his personal views.
  • MB
    Michael B.
    9 April 2020 @ 18:15
    Good stuff. I was working at Bankers Trust when it got taken over by DB. A trip down memory lane.
  • CG
    Christer G.
    30 March 2020 @ 05:16
    Highly informative and insightful interview!
  • mw
    max w.
    28 March 2020 @ 11:29
    such a great story. interview well done.
  • JL
    J L.
    17 March 2020 @ 15:32
    the red army fascists come on
    • JO
      Johnny O.
      18 March 2020 @ 06:06
      Everyone I don't like is a fascist, Nazi, racist, Russia bot. Revealing slip of the tongue. Consistent with the tenuous anti-Trump angle and even weaker Russian collusion delusion angle.
    • DR
      Dick R.
      23 March 2020 @ 06:37
      Sell over 1300 condos to Russian shell companies in all-cash transactions? And then move heaven and earth to keep it secret? Doesn't everybody do that?
  • JO
    Johnny O.
    18 March 2020 @ 06:06
    DB is best summarised as a low integrity institution. Its name comes up in every major market manipulation and fraud saga, e.g. gold price fixing. DB played its natural crooked role in The Big Short. I think its share of the AIG bailout (which was not to bail out AIG) was second only to Goldman's. The reason DB escaped the fate of Merrill and Lehman is that, like HSBC, it's on the BIS protected list of banks no government is permitted by their BIS-obedient central banks to bring to account. "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." The Trump stories sound more amusing than scandalous, and the Russia Russia Russia connection as weak as this week's abandoned DOJ prosectution of Russian trolls. Bill Broeksmit, plus various other bankers from that period who uncharacteristically threw themselves off London office roofs, is a much more interesting line of enqury. And yes, he was one of the good guys.
    • DR
      Dick R.
      23 March 2020 @ 06:29
      There's a book about Trump by Craig Unger that's waiting for you.
  • PS
    Pavel S.
    22 March 2020 @ 12:09
    It flows so well. Did not even need the 1,25 speed. Outstanding interview!
  • aa
    allan a.
    21 March 2020 @ 18:17
    From the comment below. Fake news? Nothing fake about this. The truth hurts.
  • TS
    Tejush S.
    17 March 2020 @ 09:58
    First one here! RV lets get yanis varoufakis! Legend.
    • RY
      Roy Y.
      17 March 2020 @ 11:42
      Good idea ...
    • CT
      Chris T.
      17 March 2020 @ 11:58
      agree! would like to see Jonathan Tepper from variant perception on as well!
    • BC
      Bryan C.
      21 March 2020 @ 16:26
      +1
  • PP
    Patrick P.
    20 March 2020 @ 12:56
    Fake News? Anti Trumper? Obvious Liberal? JUST SAYING.....
  • BP
    Barry P.
    19 March 2020 @ 02:11
    Extrordinary, excellent
  • JL
    Johnny L.
    18 March 2020 @ 19:33
    FASCINATING
  • SW
    Suzanne W.
    18 March 2020 @ 14:33
    Such a good interview and topic!
  • SP
    Sat P.
    18 March 2020 @ 12:45
    Fantastic video, very insightful. This clearly demonstrates that the culture of a company really does depend on the leader and explains why so many companies start their decline when the founder dies or leaves.
  • MS
    Matt S.
    18 March 2020 @ 03:25
    "paid for poison gas" "gold extracted from the teeth of jews" - this is b***sh*t. Seriously RVTV....
    • MS
      Michael S.
      18 March 2020 @ 06:12
      No doubt RV is full of angry white guy Holocaust deniers. You too?
  • MK
    Mark K.
    18 March 2020 @ 06:10
    Very interesting story. Ed Harrison is a thoughtful interviewer who is always prepared and asks the right questions.
  • MS
    Matt S.
    18 March 2020 @ 04:22
    "they didn't require direct tax loans, they got assistance from central banks" - uh huh... and who back-stops the loans from central banks?
  • DC
    Dave C.
    18 March 2020 @ 04:09
    Great work by Ed and a very useful interview - the book is on my pile to read - will move it to the top. A suggestion - can we have more interviews with authors - curated of course. It really is a great way of broadening the educational element of RV, especially with insightful questioning, as just displayed by Ed.
  • RP
    Raoul P. | Founder
    18 March 2020 @ 01:48
    The markets in the 1990's was the rise of the US banks like Goldman and the massive challenge by DB... this vide is a great great story
  • RS
    Robert S.
    17 March 2020 @ 23:47
    73 minutes and every one of them gripping. Loved it.
  • SS
    Shanthi S.
    17 March 2020 @ 22:47
    This was fun! A great bedtime story.
    • SS
      Shanthi S.
      17 March 2020 @ 23:20
      Actually... I wrote that when I was half way through... more like a Grim’s fairy tale toward the end. Very sad.
  • SF
    Scott F.
    17 March 2020 @ 22:11
    Very insightful interview! David Enrich is a great story teller .. Thanks!
  • JH
    Jesse H.
    17 March 2020 @ 21:04
    Wow. Fantastic - thank you both.
  • JW
    JW2 W.
    17 March 2020 @ 19:57
    Rather explosive stuff - I was tangentially aware of this story, but hearing it spelled out so eloquently makes one wonder (again) about our financial system. This needs to be replaced at some point and of course the new system is being constructed already. We should have a fresh story about the new Defi landscape and really dig into this.
  • AW
    Adam W.
    17 March 2020 @ 14:21
    https://www.youtube.com/watch?v=q0e5m6Ae3MY play this concurrently.
  • DP
    Daniel P.
    17 March 2020 @ 13:55
    Well that was damn interesting. One of the rare occasions I'd have liked to see a little more interjection from the interviewer though considering Ed's time at Deutsche.