Provincial banker

A derogatory term in Germany for senior employees of provincial banks. – The disdain (contempt) probably derives primarily from the fact that the corresponding positions are largely dependent on the respective party’s banner. This was compounded by the mistakes made by the Landesbanken in the course of the financial crisis that followed the subprime crisis. They had negligently invested the export surpluses generated by German industry in junk securities and also conducted reckless financial transactions in the hope of a bail-out by the state. – See bank rule, golden rule, bank failures, maturity transformation risk, Hypo
Real estate bailout, moral hazard, sovereign liability, sinking fund, too big to fail principle, corporations, state-sponsored. – See Absence capitalism, bail-out, Bradford nationalization, exit strategy, Fortis bailout, home equity loan, housing bubble, crisis, systemic, liquidity shock, moral hazard, mortgage equity withdrawal, ninja loans, Northern Rock debacle, payment-in-kind loan, mortgage bond, real loan, refinancing risk, bailout, too big to fail principle.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/