by SumYunGai » Fri 30 Sep 2016, 05:42:43
$this->bbcode_second_pass_quote('EdwinSm', 'T')he current trigger seems to be the Deutsche Bank facing a $14bn fine in the US for mis-selling mortgage-backed bonds before the financial crisis of 2008.
I am sure there are other underlying issues, but how does this fine compare with what the American Banks faced for similar misdeeds?
I was wondering about the pressure that Wells Fargo is
currently under from the US Justice Department. With all of the world's banks in so much trouble, it seems like these actions might cause Wells Fargo some serious solvency problems. On the surface, the US policy seems pretty schizophrenic. I know the Justice Department is supposed to be independent and all, but this some pretty bad timing. Or is it? Maybe it is all part of the plan.
Is the US attempting to clear out the banking glut by surgically removing a major US bank? Is this what triage looks like?