U.S. sues German bank over home loans
Deutsche Bank is accused of unfairly sticking American taxpayers with a monster tab.To date, the U.S. government has brought few cases against big Wall Street banks in response to the mortgage crisis that nearly toppled the world's financial system almost three years ago. But the Justice Department today filed suit against Deutsche Bank for hundreds of millions of dollars, alleging that the banking giant unfairly stuck taxpayers with the tab for bad home loans it issued.
The complaint, filed in Federal District Court in New York, accused Deutsche Bank of failing to adequately scrutinize potential borrowers, then lying to government officials about its lapses of due diligence
Yeah, we'll jump all over a foreign, in this case, German, bank. We'll sue them. We'll go after them for lying to and cheating and stealing from Americans but an American bank?
Where are the lawsuits against Countrywide?
And since Bank of America bought Countrywide, where are the lawsuits against them?
And while we're at it, where are the lawsuits against Goldman Sachs for both pushing junk loans in one part of the company but then betting those same junk loans will fail in a different part of the same company, all to gain billions of dollars in profits?
Where are THOSE lawsuits?
We know the answer.
The people above pay their representatives "campaign finance" money--far better and more accurately known as bribes--to get whatever they want in the form of legislation and/or, in this case, just to be quiet and leave them alone.
Well, that and the fact that Goldman Sachs is IN the White House, has been for years and is having their way with us.
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