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.
Telling the truth has become a revolutionary act, so let us salute those who disclose the necessary facts.
31 Mar 2015
Occupy Rupert Murdoch
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.
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