You know the eye pop emoji that people share when they read something incredible? I feel like you could have laid that one out on just about every ten pages in this book. My word.
I didn’t know much about Deutsche Bank before Donald Trump, mostly because they don’t have a presence for American peons like me. Even after, I only had the stomach to learn so much. I assumed they did shady stuff to help Trump get away with shady stuff, etc.
There’s that but the Trump stuff here is like 1/3rd of the book and while it’s interesting, the whole story itself is a breath taker. Deutsche Bank is apparently legendary for its corruption. Sure, all financial giants are somewhat bent but Deutsche is on another level. Dating back to its Nazi past which it never accounted for, the bank’s desire to compete with the Wall Street big shots made it take risk after risk until it was over leveraged to the hilt.
Of course, no one seems interested in keeping these people in check. Sure, Europe and the States will slap them with fines but by-and-large, they seem content to let the bank run amok in its ambition to be a dominant financial institution. We can look at the wreckage of Deutsche and marvel but we have no right to ask “Why?” Dave Enrich provides clear answers.
I love a financial book that is readable. Enrich breaks this down easily enough for the layperson. It reads like a thriller. It’s an incredible tale.