Having bounced 22% off Thursday’s lows, amid endless confidence-inspiring chatter (of buybacks, bailouts, bank CEO buys, and SWFs saving the day), Deutsche Bank closed lower on the day, tumbling over 6% from its opening highs as the reality of the credit markets continues to sink in.

So, no, Deutsche Bank (and its $64 trilion derivatives book) is not “fixed” – far from it…

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