With the news of the massive writedowns, losses and other issues at German banking giant, Deutsche Bank, I thought it best to ring up our pal and Fund Manager Dave Kranzler in order to see what he makes of it all.

Submitted by Craig Hemke, TFMetalsReport:

If you missed the story over the past 24 hours, here are two links from ZeroHedge that summarize things:

• http://www.zerohedge.com/news/2015-10-07/first-crack-deutsche-bank-preannounces-massive-loss-may-cut-dividend
• http://www.zerohedge.com/news/2015-10-08/day-after-deutsche-bank-admits-not-all-well-swiss-giant-credit-suisse-also-admits-it

And here’s something that Dave wrote this morning before we spoke:

• http://investmentresearchdynamics.com/something-blew-up-in-the-global-financial-system/

You might also see this:

• http://investmentresearchdynamics.com/a-liquidity-crisis-hit-the-banking-in-september/

And this, written four months ago at a site called NotQuant:

• http://notquant.com/is-deutsche-bank-the-next-lehman/

Please take the time to listen to this brief discussion and then consider the implications that a meltdown of Deutsche Bank might incur.

TF