Talk Cocktail

A Bank Behind Every Crime: Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction


Listen Later

Usually attributed to Balzac is the observation that behind every great fortune is a great crime. In this day and age, It might be paraphrased as that behind every great financial crime is a great bank.

In the case of many such crimes in the 20th and 21st century lies Deutsche Bank. In its efforts to

grow it did away with all traditional ideas of risk management. In its pursuit of fees and earnings, bank executives got into business with some of the world’s most shady and financially needy characters. Russian oligarchs, the Trumps, the Kushners, the Mercers, Vladimir Putin, and many other key Russiagate figures were among their customers.

It got involved with other banks in Germany, Moscow, Cyprus, and Moldavia; money laundering; real estate deals; hedge funds; indictments; bankruptcies; and a cast of characters orbiting it that feels more like the bar scene in the original Star Wars.

Trying to tie all of this together into one overarching narrative is David Enrich in his book Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction

My conversation with David Enrich:

...more
View all episodesView all episodes
Download on the App Store

Talk CocktailBy Jeff Schechtman

  • 3.5
  • 3.5
  • 3.5
  • 3.5
  • 3.5

3.5

6 ratings


More shows like Talk Cocktail

View all
Pivot by New York Magazine

Pivot

8,916 Listeners

The Daily by The New York Times

The Daily

111,034 Listeners