Gambled away in the financial crisis - The Deutsche Bank story | DW Documentary

I worked for several European banks during this period - the time of transition from AAA rated low risk banks to highly ambitious international investment banks. My two cents on this - these banks wanted to have their cake and eat it. They wanted to retain the prestige and customer base that came from having a low risk AAA background, but they wanted the returns that the US banks were getting by taking far larger risks. So they began to take on these larger risks, but did everything they could to retain the veneer of their historically ultra-safe AAA heritage. I even think there was a strong sense of self-delusion about this - the leadership teams really did think it would be possible to square the circle, and when it became clear the downside of the risks were becoming too big to ignore, they carried on trying to ignore it anyway until they eventually detonated in the worst way possible for themselves, their employees and their shareholders. It's as if a company who baked bread decided to change their business to trading BitCoin instead, but continued to portray themselves (externally and internally) as good old-fashioned bakers little changed from the middle ages.

"Gambled Away" is like literally everyone's (the 99%) health/ education/ finances/ home/ safety/ future, it's the perfect description for this time imo

Don't underestimate the power of responsible decision-making. The collapse of Deutsche Bank is a harsh lesson in what happens when greed takes the wheel.

I was at the Grosvenor that night in 2000 at another function and it's a little strange to watch a random documentary and suddenly understand what was going on that night, it suddenly all makes sense 😅

Less than 1 minute in and the hubris of the Banking Industry is laid bare for all to see. Most of the banks that I have heard pursuing the aim of being #1 bank in the world have tended to fail spectacularly

Greed, incompetence bailed out by taxpayers. The whole DB board should be in jail.

I watch the movie the big short regularly as it's awesome. I still can't get over the fact that big banks are so reckless yet don't care as they know they will get away with it.

The fact these people were allowed to walk away with their lives have just made everything worse. there was a reason after WWII they hanged collaberateurs

The astonishing fact is Deutsche Bank is still at 16$ a share...the price it collapsed to in 2008 Some things just never change

Another great video, thanks

Blind Greed, inability to see Risk, collapse at the end And thanks for the Wonderful documentary

ohne das Verschulden der Deutschen Bank klein zu reden: wer Ingrid Matthäus zum CEO einer Bank macht und wer die IKB verteidigt hat den Sinn der Marktwirtschaft nicht verstanden: es gibt auch Verantwortung, und die haben weder Ingrid Matthäus noch der IKB Vorstand im entferntesten wahrgenommen.

Behaves like African politician. The face of corruption is universal

Economic investigator Frank G Melbourne Australia is still following this content cheers Frank

I hate to speak ill of the dead, but my only interaction with Anshu Jain was when I had a very painful sports injury and was walking along the pavement at a snail's pace at exactly the same time that he wanted to get past me into his waiting limo. I can't forget the look of pure anger and unsympathetic frustration that his gaze sent my way. I don't want to read too much into one encounter, but I've heard similar stories from others. Just an angry, unsatisfied man who saw everyone and everything as an obstacle.

Very interesting!

As of now history is bound to repeat itself. The cycle of growth fueled by greed always ends in a crisis. Hope people are prepared for the inevitable.

Love the title Driven by greed

The money market hasn't been too kind to commoners lately. I feel like I'm not making as much as I could be.

RIP Mr.Abe