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

This is a syndicated repost published with the permission of David Stockman's Contra Corner » Stockman’s Corner. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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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