DEUTSCHE BANK DOOMED. Update 7 Oct., 2016

DEUTSCHE BANK

FRANKFURT

Update 7 October,2016 -- Shares dropped down to its lowest lever since 1980. The Deutsche Bank had a dramatic recovery and there are reports that it could cut a deal with the US regulators. The bank received a £10.5billion penalty, which could cripple it, for  allegedly  mis-selling mortgage investments before 2008. Hopes are that it would be reduced down to £4billion.

Deutsche Bank is heading for a crisis. It is Germany's biggest bank. It must be serious because one of the former  Brussels economy adviser was tempted to state that Britain was right to get out of the EU.

Share dropped when the chief tried to reassure investors.

On Friday EU leaders were trying hard to find a way to rescue Germany's biggest financial institution.

The fear is that it could have a domino effect and spread a catastrophe across Europe.

The draconian EU stated that a similar bail-out of the Deutsche Bank by Germany's Government would be illegal.

Professor Brian Sturgess, managing editor  of World Economy and former European Commission Adviser said: "This highlights why British voter made the right decision to get out of the EU. The EU is faced with an impossible situation. The rising probability that Deutsche  Bank will require a bail-out illustrates the contradictions in the EU project."

British people would have voted for a Brexit years ago if Cameron did not constantly avoid a referendum. It must have been for somebody's benefit?

Even now the votes would have been much higher if Cameron and his Tories did not tell so many lies convincing some of his faithful.

What happened when he lost? He did not have the courage to face the music, resigned and shortly after even got out of Parliament. He was a king of false promises all his years as a PM and caused great damage to the country and its people.

To be sure he still cashes in with both hands, left, right and centre like his great pal Tony Blair.