Max Keiser highlights Deutsche Bank no longer is a bank as they no longer want deposits
Keiser Report: Occupy Rupert Murdoch (E738)
Published on 31 Mar 2015
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss occupying Murdoch with a Trews awning. They examine the economic and financial reasons the population should look beyond porn – both property porn and the Page 3 sort – to see what disinformation, misinformation and more is being pushed on them by a media in bed with political and corporate elites. In the second half, they look at Deutsche Bank considering closing down their retail operations because, in this new QE and Zirp managed world, they lose money on depositors. So not only does the media no longer perform their function of challenging power, but now banks no longer provide the function of taking deposits and making loans. The only thing making Deutsche Bank reluctant to shut down retail operations is that their logo on the high street keeps them in the hearts of the very taxpayers who will need to bail them out the next time the banking system tumbles.