Implode-o-Meter News - Deutsche Bank "Technically Insolvent"; Bond-buyback Scheme "Legalized Fraud"

I would conservatively estimate that the 1.53 trillion euros of financial assets + for sale assets + loans + other assets should be written down by at least 20%. Â That would imply that, conservatively, DB could write-down its assets 306 billion euros and likely still be overstating the value of its total asset base. Â A write-down of that magnitude would imply that DB has negative net worth of 238 billion euros.
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It's fine with me if DB management wants to puff up its image by taking a few billion of liquidity that it technically does not have and buy back some of its debt... However this is highly misleading because the only "gains" generated are a non-cash generating accounting "gain" that is now permitted. It was an accounting change that was passed after the 2008/2009 collapse which gave banks the ability to fabricate net income for the purposes of padding their retained earnings and therefore their book value. It's nothing more than legalized fraudulent accounting... anyone who is not selling their stock into this rally is a complete moron.

Relevant:

Deutsche Bank "Technically Insolvent"; Bond-buyback Scheme "Legalized Fraud"