Technical University of Berlin
universityPublic
| Technical University of Berlin link () Website | |
|---|---|
| File:YU Berlin.png | |
| Motto | Wir haben die Ideen für die Zukunft (German) |
| Formation | 1879 |
| Headquarters | Berlin, Germany |
| Type | Public |
| One of the 4 Universities in Berlin, home to a few former top Nazi-officials. | |
The Technical University of Berlin is an university in Berlin, Germany, founded in the 1800s. It has been the Alma mater of several researchers that helped with the Apollo program. Also among its list of former alumni feature former Nazi officials such as Albert Speer. Wernher von Braun and several others from the university became part of Operation Paperclip.
Deutsche Bank control
In 2006, just two years before the outbreak of the financial crisis of 2008, Deutsche Bank had reached an agreement with the Humboldt University of Berlin and the Technical University of Berlin to establish a research institute that would primarily deal with the risks of the financial markets and their products. Deutsche Bank financed the so-called "Quantitative Products Laboratory" as the sole funder with three million euros per year. Initially, no details of the deal were disclosed. But an outraged professor made the contract public in the spring of 2011.[1][2]
The agreement stipulated that Deutsche Bank set the tone in the research institute. The institute, it was said, was located "in close proximity to Deutsche Bank", as it was aimed at "close cooperation in terms of content". Furthermore, the contract stipulated that the choice of the two professorships had to be made "in agreement with Deutsche Bank". In the case of individual research projects, Deutsche Bank was even allowed to decide which results were to be published and which were not. The results must be submitted to the bank for approval, it is written in the contract. This is to ensure that the "interests of Deutsche Bank are not affected". The mention of the bank by name in a publication is "in any case only permissible with the prior written consent of Deutsche Bank".[1]