The Deutsche Bank Irony

If you missed the story, very recently Deutsche Bank (DB), the largest banking system in Germany, laid off 20,000 people. DB does business in numerous countries and the layoffs were spread across each country in which they have offices located.

Still, think about the fact that they laid off twenty thousand employees.

On top of that, DB is now being investigated by the American DOJ for money laundering and fraud in the Malaysia development fund. This raises a number of questions and is truly ironic.

First of all, what does the DOJ have to do with this? The development fund was Malaysia state-owned under their ministry of finance. DB is a German bank, not American.

Know who else was implicated in the scandal involving the Malaysia development fund? Goldman Sachs. An American investment firm.

Remember that as of this date, not one single person has ever gone to prison for the economic crash of 2008. Nobody from Wells Fargo has gone to prison for insurance fraud. No actions have been taken regarding the fraud and money laundering revealed in the Panama Papers, which was massive.

So, the question really becomes what the goal of the DOJ is in investigating a scandal which began in 2013 in another country, now implicating a huge bank in Germany which is on the verge of collapsing as we speak?

It becomes deeply suspicious when this is happening as Germany turns against the US for the completely separate issue of the Russian…