BayernLB Strikes At Deutsche Over $810M In Toxic MBS
BayernLB claims Deutsche Bank originated, purchased, financed and securitized risky loans into the MBS while secretly deriding the securities as “pigs” and “crap” in internal emails.
Deutsche Bank began betting against the U.S. housing market as early as 2005, ultimately developing a $10 billion short position that reaped huge profits when...
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