Feds Seize $404 Million from Deutsche Bank (Settlement HERE)
U.S. Attorney Preet Bharara follows through! (HERE)This is the real deal !! and only the beginning !!
We've been waiting...for this news.......since May 5th...
more ($$$) to come... when below case ...is PROSECUTED !
May 5th 2011 OHIO FRAUDclosure Blog HeadlineUNITED STATES OF AMERICA
Deutsche Bank AGUnited States Court: Southern District of New York
Case: 2011 CV 2976 Jury Trial Demanded
from Bloomberg Buisness: (story HERE)
“Nobody was doing any mortgage due diligence whatsoever,” said Christopher Thornberg, principal at Beacon Economics LLC in Los Angeles. He said the government may have brought the claim against Deutsche Bank as a “test case” before targeting other banks or seeking to force settlements. "The only question is, ‘Who’s next?"
According to the Justice Department’s complaint, filed in the Manhattan federal court, Deutsche Bank's subsidary (MortgageIT) endorsed (via FHA program) more than 39,000 loans making them “highly marketable for resale,” ...of those.....12,500 defaulted.
(Click HERE to read full/original 5/5/11 post)
Explosive News.…. or …........Flash Bang …....you decide
I’ll present the information, and then you decide. Is this major EXPLOSIVE NEWS...or …just a "Flash Bomb." This is bigger than the State of OHIO and proof positive of our U.S. Government taking action! .
MAJOR Explosion, MAJOR News, MAJOR Headline,.... to be posted here - soon