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US Justice Department demands US$14bn from Deutsche Bank for 2008 mortgages scam

Saturday, September 17th 2016 - 23:17 UTC
Full article 15 comments

The US Department of Justice is asking Deutsche Bank to pay US$14bn to settle an investigation into mortgage-backed securities, the bank has said. However Deutsche Bank said it “has no intention to settle these potential civil claims anywhere near the figure cited.” Read full article

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  • Hepatia

    So, lets look at what's happening here. The US pays big bucks to defend Germany and this is what the Eurotrash do to the economy.

    Sep 18th, 2016 - 05:00 am - Link - Report abuse 0
  • golfcronie

    You only have to look at Brazil at the moment, it is not so much big business that is ruining the country it is the politicians.We can afford it, you can't.

    Sep 18th, 2016 - 08:30 am - Link - Report abuse 0
  • LEPRecon

    @1 Hepatia

    The US is an occupying force in Germany, and has been since the end of WW2.

    The US can always leave anytime it wants, no one's stopping you. I doubt the Germans care, they may even throw a party. I'm sure the Germans will be glad to see the back of the US. Of course, if the US military leaves Germany it'll cut down their so called 'defence shield' and shorten the US military's reach around the world.

    But I always find it amazing that the US demands that these bills are settled but refused to pay compensation to India over the Bhopal disaster, and has refused to extradite Warren Anderson (who was arrested in India then fled justice and is hiding in the USA), the CEO of Union Carbide that was responsible for the deaths of THOUSANDS of people within hours, and thousands more over the years, to face charges of culpable homicide.

    Yes the US really doesn't believe in justice, it just wants money. If it did believe in justice it wouldn't have been hiding an alleged mass murderer from justice all these years.

    Yet during the BP oil spill, where no human lives were lost, the US demanded money and more money from BP, whist conveniently ignoring the fact that the part that failed was built and installed by a US owned company (who got away scot free).

    You see human lives (especially non-white, non-American lives) mean nothing to the USA. So I hope that Deutsche bank tells them to foxtrot oscar, and the US Dept of Justice can concentrate on US banks that owe the US people lots of money instead.

    Sep 18th, 2016 - 09:42 am - Link - Report abuse 0
  • darragh

    @4 LEPRcon

    Well said.

    Sep 18th, 2016 - 11:29 pm - Link - Report abuse 0
  • LEPRecon

    @4 darragh

    Thanks.

    Once the Yanks get a toe hold in a country its nigh impossible to get them to leave.

    I truly believe that Maggie Thatcher made a deal with Ronald Reagan in the 80's to get the Yanks out of the UK by allowing the Yanks to bomb Libya from UK airbases.

    Because not long after that the US bases in the UK began to shut down and within 5 yrs were gone.

    Plus I hate hypocrisy. The Yanks like to play the victim, but always act like imperialist overlords when they're called out on their sh!t.

    Sep 19th, 2016 - 06:16 am - Link - Report abuse 0
  • ChrisR

    “Plus I hate hypocrisy. The Yanks like to play the victim, but always act like imperialist overlords when they're called out on their shit.” (LEPRecon)

    And it is just as true about the “sale of residential mortgage-backed securities”.

    Who came up with this idea: the yank banks in concert. Look at the docufilm 'Too big to fail' and see the real people behind the 2008 crash that the rest of the world is still recovering from.

    Remember the claim these cretins 'are the masters of the universe' and had fabulous 'bonuses' for scamming the rest of us? Well, I have some bad news. Apart from a very few who went to jail and paid fines the rest of them have still got their money and live like kings.

    A few 9mm injections are still required. We lost half of our life savings through this and the bribing of voters by The Cunt Brown © Jeremy Clarkson 2010.

    Bush Junior passed the changes to the original act drawn up after the Wall Street crash which kept the system reasonably 'safe' until 2008. Now the new bunch of 'Masters of the universe' are clamouring to remove the law passed in 2009 aimed at clipping their wings. Do the yanks never look at their history and LEARN from it? It doesn't seem so.

    Sep 19th, 2016 - 11:18 am - Link - Report abuse 0
  • CapiTrollism_is_back!!

    @5

    “Plus I hate hypocrisy”

    You hate yourself!???

    And all other Anglos?

    Sep 19th, 2016 - 01:12 pm - Link - Report abuse 0
  • LEPRecon

    @7 Tobias

    No I hate hypocrisy.

    You'd know all about that, considering you're one of the biggest hypocrites on this site.

    You hate 'colonialism' but want Argentina to 'colonise' the Falklands and the Antarctic. You hate 'EUians' despite being of European descent as well. You hate 'racism' but are one of the biggest racists on here. You think living in Argentina is like living in paradise...but refuse to live there yourself.

    And on top of all that you're also a liar. You claimed to be a native Amerindian, but couldn't keep that up for long, especially when you couldn't suppress your nasty little racist attitude towards them. You have also claimed to be African, Asian and European...although the last designation is probably true. You are an Argentine of European descent, probably only 1st or 2nd generation who has an inferiority complex...and you won't live in Argentina because you know it's a failing country. So in order to sublimate your guilt about abandoning the 'fatherland' you attack anyone who points out Argentina's numerous deficiencies. How sad.

    Just remember I've got a long memory and remember all of your lies.

    By the way, Tobias, when is your 'master plan' on Argentina invading and stealing the Falklands going to come to fruition? You first stated that it would be in 2013, but nothing happen, nothing is still happening. You're all talk and no trousers.

    Sep 19th, 2016 - 05:14 pm - Link - Report abuse 0
  • Hepatia

    http://en.mercopress.com/2016/09/17/us-justice-department-demands-us-14bn-from-deutsche-bank-for-2008-mortgages-scam#comment449722: Nothing in your bizarrely rambling post addresses the US national interest. And the US national interest is the only valid concern. You Eurotrash SOBs need to learn that you cannot live on the US taxpayers' dollar for ever. Time for you to grow up and start supporting yourselves!

    Sep 20th, 2016 - 02:04 am - Link - Report abuse 0
  • LEPRecon

    @9 Hepatia

    The US are hypocrites. If a country had done to the US what the US did to India then you'd be playing the 'martyr' and demanding that the alleged guilty party be handed over AND that compensation got paid.

    But the US doesn't care about non-white, non-American people. They don't care if a million men, women and children die, as long as they don't have to fork out money to compensate them.

    For a supposedly 'Christian' country its amazing how greedy the USA is. The good old US of A seems to ignore the fact that Jesus said that it is easier for a camel to pass through the eye of a needle than for a rich man to enter into heaven.

    In fact the good old US of A has also supported terrorists (euphemistically called 'freedom fighters) around the world for more than half a century. Yet when the good old US of A is attacked suddenly those 'freedom fighters' become terrorists.

    You can't have it both ways. When you do try, you find the terrorists that you were supporting start flying aeroplanes into the Manhattan skyline.

    And one day the USA, like every other 'empire' before it will fall. And then I wonder just how many friends you'll actually have...considering how many of them you've stabbed in the back for supposed US national interest (meaning making the rich men richer).

    Sep 20th, 2016 - 05:59 am - Link - Report abuse 0
  • CapiTrollism_is_back!!

    @8

    You have a long memory, too bad it is a faulty one.

    My master plan had absolutely NOTHING to do with the Falklands, whatsoever. Ask Elaine, the Falklands were not mentioned once ever by me.

    And you will hear tidings, soon enough.

    Sep 20th, 2016 - 02:18 pm - Link - Report abuse 0
  • LEPRecon

    @11 Tobias

    Soon enough? That's what you said 3 yrs ago. Still nothing has happened. The Falklands are still British, Argentina is still poor, and you're still deluded.

    Sep 23rd, 2016 - 11:22 am - Link - Report abuse 0
  • Hepatia

    http://en.mercopress.com/2016/09/17/us-justice-department-demands-us-14bn-from-deutsche-bank-for-2008-mortgages-scam#comment449878: Yet another Anti-American diatribe spewing from the mouth of a disgruntled Brit. I think that rather than posting your vile and hateful messages on an obscure British run propaganda site you should start posting on mainstream US sites. Nothing will get the US out of NATO faster than Americans being exposed to characteristic British hatred.

    Sep 24th, 2016 - 01:21 am - Link - Report abuse 0
  • LEPRecon

    13 Hepatia

    Nothing in my post was untrue.

    A US owned company caused a catastrophe in India which cost the lives of THOUSANDS of men, women and children. Not only has the USA refused to hand over the CEO of the company to face justice, they have refused to pay ANY compensation.

    Now compare this with the Gulf oil spill where NO LIVES WERE LOST.

    The USA are hypocrites.

    You're also a hypocrite.

    One day the USA will collapse, as all empires do, and the countries that you will need to help you will be India and other such places. And then we'll see just how long their memories are.

    BTW. I don't hate Americans. I hate American foreign policy, especially in such cases as this. I don't blame the people of the USA for their governments...I mean you don't have true democracy because only big business can afford to run for President...meaning that ALL of your politicians are owned.

    It's a very similar system to how Iran run their elections. Various candidates are 'chosen' by the elite, and the people get to choose which of the 'appropriate' candidates get it.

    The USA is no different, except instead of the 'revolutionary' government choosing candidates, it is in fact big business that chooses the candidates.

    Hence why the USA is no longer really a democracy. The minute the Supreme Court did away with any spending controls in elections (under the highly suspect clause of 'freedom of expression'), corruption and a loss of freedom was inevitable.

    You only have to look at the lunatics currently running for President in the USA to see how true that is.

    It won't EVER get any better until the USA puts spending caps on politicians running for office. Then ANYONE can run for office, and big business won't be able to dictate American foreign policy...which has caused so much trouble.

    Hence why the demand 'foreigners' pay up, but not domestic companies who are actually to blame for the financial collapse, because your big business overlords and masters won't allow it.

    Sep 24th, 2016 - 11:44 am - Link - Report abuse 0
  • Hepatia

    http://en.mercopress.com/2016/09/17/us-justice-department-demands-us-14bn-from-deutsche-bank-for-2008-mortgages-scam#comment450282: You need to post this vile Anti-American rant in the US media. US voters need to see this sort of British hatred of America for themselves. It would hasten the US exit from Nato.

    Your hatred is motivated by your inferiority and envy. You British cannot deal with the world and feel a deep resentment against those than can. But, other than demonstrating your inadequacy, do you have a point to make?

    Sep 25th, 2016 - 01:28 am - Link - Report abuse 0

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