Bussinessinsider shills China to bail out Deutsche Bank

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http://www.businessinsider.com/china-may-be-the-one-to-bail-out-deutsche-bank-2016-10?IR=T&r=US&IR=T

>It looks like the stage is set for China to bail out the West yet again. Nothing is set in stone, of course, but China would seem to be at the top of the short list of those with pockets deep enough to bail out the highly leveraged Deutsche Bank.

>Saudi Arabia, like China, participated in the “great bailout” of the West during the Financial Crisis, but now, it is distracted by politics, war, and low oil prices. Several sources say the newly launched Turkish Wealth Fund could be another possibility to take a stake in DB. So far though, Turkish officials have not commented on this. Frankly, China seems like the logical candidate to bail out DB. The People’s Bank of China (PBOC) has plenty of cash. $14 billion is just a drop in the bucket. And the Chinese government would love the prestige of being a major stakeholder in a huge European financial institution.

>It’s almost a given that Chinese President Xi would love a chance to put China back on the world economic stage in a positive light. So the only question is whether a Chinese bailout of Deutsche Bank would be acceptable to Germany, the rest of Europe, and the financial sector in general? While there is no clear answer, a strong argument can be made that a Chinese institution taking a major stake in DB is the best answer for all parties. A Chinese bailout not only provides a financial backstop for DB, it gives the German government political cover. It also gives China a much-needed boost in prestige at a critical moment in its own economic transition.