landesbank sparkassen in crisis should write off nord lb shares

German Money Minister Peer Steinbrück has a propensity for grandstanding occasionally. At times he loudly criticizes tax sanctuaries while at other times he rails against the elderly executives at large financial institutions wherefore he calls their “cashing-in way of thinking.” Yet when Steinbrück faces the monitoring of Germany’s association of public sector-controlled Sparkassen savings banks, …

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