Making life easier, Deutsche Bank-style

As I posted yesterday, Deutsche Bank has decided to simply waive $756 million it owes … well, basically to itself for building The Cosmopolitan of Las Vegas, reducing the tab (on paper) from $4.1 billion to $3.3 billion. Wouldn’t our lives be easier if we could simply raise or lower our own break-even point by mere decree? For instance, my recent ankle sprain has left me with a $125 bill from the orthopedist. Were I Deutsche Bank, I would reply that I’m taking an 18% “writedown” on the bill and sending $102.50 instead. I’m sure they’ll understand. And if you apply this logic to your car payments and mortgage, I’m confident you’ll face no consequences whatsover! At least not if you’re a major Wall Street institution … or Caesars Entertainment, for that matter.