This week Frau Merkel suceeded to amuse me. She gave all her support to the banks and her offer sounded just like an offer the banks are making to their clients.
Normally, a bank offer sounds like this:
5% Interest Rate! (*)
(*) only for amounts smaller than 10.000, only for 3 months and only for new customers
The support for the banks was written in the same manner:
500 billions for the banks! (*)
(*) only for banks that accept to limit the manager salary to 500k, only for banks that cut dividend; for the loaned amounts from the Bundesbank, the banks will give a 5% dividend in the next 5 years and 10% afterwards
It is funny and I find it the right way to answer to the desperate cry for help coming from the banking system. The even funnier answer came immediatly: Joe Ackerman, the boss of Deutsche Bank, the one making huge lobby for the bundesbank intervention, changed his mind and said that he would shame himself to accept such an offer :) Of course, Joe, it would be a shame for you, the big banker, to get a salary comparable with a CEO in a middle size german company, but you and your colleagues have hidden so much garbage. Sorry, but you deserve to get now back in touch with the real life :)
14.07.2016 Top News und FDAX/FESX/FGBL Levels
9 years ago