Blind Item Guessing Game: German Bank Edition

By John Carney

We’re just asking, but which German multi-billion dollar SIV is running short of cash? We hear they had a conference call with investors the other day saying that they only had 10 days of liquidity and need a lot more funds in order to avoid defeasance.

Comments (18)

  1. 1
    Posted by Anonymous | October 3, 2007 at 11:06 AM

    you’re not gonna tell us are you? because if you did, i could call my colleagues in berlin and ask what they are hearing.

  2. 2
    Posted by asdf | October 3, 2007 at 11:12 AM

    deutchebank

  3. 3
    Posted by Anonymous | October 3, 2007 at 11:16 AM

    Okay, I’ll go with … HVM

  4. 4
    Posted by nm | October 3, 2007 at 11:17 AM

    One of the crappy HRE funds!

  5. 5
    Posted by girlygirl | October 3, 2007 at 11:23 AM

    probably Rhinebridge.

  6. 6
    Posted by Anonymous | October 3, 2007 at 11:28 AM

    eh these are all going to hit their defeasance events — enforcement events is when noteholders should start worrying
    AAA spreads have firmed up – shouldnt be a problem selling those assets for cash

  7. 7
    Posted by Pollyanna | October 3, 2007 at 11:32 AM

    This is a non-issue, I read somewhere that the credit crunch was history.

  8. 8
    Posted by Pollyanna | October 3, 2007 at 11:33 AM

    This is a non-issue, I read somewhere that the credit crunch was history.

  9. 9
    Posted by The Salmon Fondler | October 3, 2007 at 11:34 AM

    Glad to see DB writing off $3.1 billion……if they’ll write off $2.9 billion more I’d say we’re even.

  10. 10
    Posted by Anonymous | October 3, 2007 at 11:46 AM

    We can easily check if they said anything like that in their conference call … if you tell us the name. But if you told us the name then you would be jeopardizing your chance to pen an exclusive, earth shattering, breaking, truth-telling, news article.

  11. 11
    Posted by Give-up Agreement | October 3, 2007 at 11:50 AM

    Hummm…. There are other German banks aside from Douchebank. I have no knowledge about this, but I’m gonna guess WestLB – entirely because I don’t like certain people there. Schadenfreude ist gut!

  12. 12
    Posted by Arbeit Mach Frei | October 3, 2007 at 12:07 PM

    Biggest German SIVs? K2 (Dresdner), Harrier (WestLB), Rhinebridge (IKB), Ormand Quay (Sachsen)…Will they pay reparations to investors??????????????

  13. 13
    Posted by mossad | October 3, 2007 at 12:59 PM

    woah is there a nazi in our midst?

  14. 14
    Posted by j | October 3, 2007 at 2:01 PM

    West LB

  15. 15
    Posted by JT | October 3, 2007 at 2:26 PM

    generally I wouldn’t care but the Auschwitz reference just doesn’t sit right with me…

  16. 16
    Posted by b | October 3, 2007 at 5:11 PM

    You can take the Germans out of Nazi Germany , but you can’t take the Nazis out of the German soul

  17. 17
    Posted by b | October 3, 2007 at 5:12 PM

    You can take the Germans out of Nazi Germany , but you can’t take the Nazis out of the German soul

  18. 18
    Posted by Anonymous | October 4, 2007 at 3:30 PM

    HSH Nordbank

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