Posted on 09/17/2016 6:43:40 AM PDT by Olog-hai
US authorities are targeting Deutsche Bank for a record $14 billion fine, mark(ing) the latest blow to Germany’s biggest lender, which since the 2008 financial crisis has run a gauntlet of setbacks.
The weighty demand from the Department of Justice (DoJ) comes after Deutsche has already paid out billions in fines over interest-rate fixing and sanctions violations, and as it battles through some 8,000 ongoing legal cases and a painful restructuring. […]
Deutsche Bank is among several major financial institutions accused by US authorities of misleading investors about the values and quality of complex mortgage-backed securities sold before the 2008 financial crisis.
Much of the underlying lending was worthless or fraudulent, delivering billions of dollars in losses to bond holders when the housing market collapsed, bringing down numerous banks and touching off the worst US recession since the 1930s. …
(Excerpt) Read more at thelocal.de ...
How much of that will be funneled to Obama, Jarrett, Soros, et al.?
Obama needs some going away money.
Bookmark
FUBO
Interesting coincidence in fine amounts for 2 high profile government actions.
EU orders Apple to remit EU-computed back taxes to Ireland of $14billion computed back to the 1990s.
US authorities are targeting Deutsche Bank for a record $14 billion fine for misleading investors about the values and quality of complex mortgage-backed securities sold before the 2008 financial crisis.
Tit for tat?
This is a very important bank which happens to be in an awful state right now (google and check). This action may potentially bring it down and cause a worldwide recession...
Fascinating....particularly after the US bailed them out in 2008-2009 because of all the j tell king derivative exposure to US banks.
“Much of the underlying lending was worthless or fraudulent, delivering billions of dollars in losses to bond holders when the housing market collapsed, bringing down numerous banks and touching off the worst US recession since the 1930s. …”
All hail- to the CRA !!!! The commie redistribution action....... 1995 Klintoon “revises” the act, i.e. enforces commie redistribution of your money to folks who are UNABLE to pay it back !
How much of that will be funneled to Obama, Jarrett, Soros, et al.?
Soros doesn’t need money...Obummer, and the prez, Valerie, do want MORE ! They’ll funnel billions as usual to their SOLYNDRA TYPE friends
I was gonna ask if jugears needed some walking-around money, but everybody beat me to it, so I won’t...
And the Clinton owning Goldman Sachs? There is no love lost for DB and their shenanigans, but seriously?
Coming right up...war of the regulators...US goes after EU banks, EU goes after US tech giants.
Fines shimes. Fines mean nothing. My question: how many of the slimy bastards that cause this mess are going to jail? Same at Wells Fargo. 5000+ employees fired because of fraud and no one’s going to jail? No one’s even accused?
Ridiculous!
D.B. to DoJ: Get in line with everyone else.
WW II.5: Lawfare.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.