Not only have the German taxpayers paid out billions of euros in bailout funds due to Deutsche Bank's role in the subprime mortgage crisis, it now turns out they unknowingly paid for a birthday bash for DB CEO Joe Ackermann that was held at the Chancellery:
Social Democrats and opposition politicians have demanded
clarification on why Chancellor Angela Merkel hosted a pricey birthday
bash for Deutsche Bank boss Josef Ackermann in April 2008, daily Passauer Neue Presse reported on Tuesday.The parliamentary budgetary committee plans to address the exact
circumstances of the bank executive’s 60th birthday dinner celebration
put on by the Chancellery later this week.
Ackermann recalls how his good friend Angela Merkel told him to invite 30 close friends to celebrate his 60th birthday. "It was a beautiful evening" ("Es war ein wunderschöner Abend.) No doubt it was a rewarding evening for Ackermann and Deutsche Bank. The bank has profited handsomely in "advising" the German government on policy for addressing the financial crisis that it helped to create.
how very interesting
and they won the elections
Posted by: donrayban | December 26, 2009 at 08:42 AM