This is a thestreet.com article.
Investors should worry when government ministers and executives insist everything is OK.
When it comes to trouble, there’s a simple rule: The more someone — whether it’s your kid in the kitchen, your spouse after a fender bender or a government minister — insists that there’s no problem and that everything is OK, the bigger the problem.
By that measure, the second-largest bank in Europe, Deutsche Bank (DB) , is in a lot of trouble. And this is a big deal. Deutsche Bank is one of the world’s 10 largest banks by asset, and the International Monetary Fund has said it’s “the most important net contributor to systemic risks” to the global financial system. So, if Deutsche Bank gets into trouble, the entire global financial system will feel it like a hard punch in the gut.
PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”