Ironically, the world's most overleveraged bank was just levied a $14 billion fine by the U.S. DOJ over mortgage malfeasance stemming from 2008. However, they refuse to pay, since they don't have $14 billion...
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» Lesson Not Learned: From Lehman to Deutsche Bank
Lesson Not Learned: From Lehman to Deutsche Bank
Eight years ago Lehman Brothers imploded due its exposure to the $700 billion U.S. subprime market. Now Deutsche Bank is imploding due to its $75 trillion derivatives exposure to Globalization...