It hasgot to the point where evenDeutschebankCEOJosefAckermanissaying that manymajorEuropeanBankswouldbecome insolventif they had to mark their sovereigndebt to market.
Huge insurance group Allianz is a 21% shareholder in Dresdner and stood to make an excellent side deal out of the aborted merger with Deutschebank back in March.
Deutschebank is experimenting with a financing model similar to that used by energy services companies (ESCOs) whereby the savings in energy costs are used to pay back the capital investment of the smart building upgrades.
McCain and his wife, Cindy, along with Republican Gov. Bobby Jindal, spent about 20 minutes walking through the Lower 9th, stopping at a house being rebuilt by about a dozen volunteers from DeutscheBank in New York.