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David Stockman Tells Bloomberg: “When The Crunch Comes, Bank CEOs Lie”

This is a syndicated repost courtesy of David Stockman's Contra Corner » Stockman’s Corner. To view original, click here. Reposted with permission.

Deutsche Bank AG co-Chief Executive Officer John Cryan told employees that Germany’s largest bank is “rock solid” as investor concern about capital and funds drove down the value of stocks and bonds. Former OMB Director David Stockman weighs in on the banking industry. He speaks on “Bloomberg.”

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