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The SEC is reportedly investigating a CDO transaction in which Deutsche Bank (DB) allowed hedge...

The SEC is reportedly investigating a CDO transaction in which Deutsche Bank (DB) allowed hedge fund Paulson & Co. to select mortgage-backed securities and then bet against the securities without telling other investors. Goldman Sachs settled a similar suit with the SEC for $500M.
Comments (1)
  • Dr. V
    , contributor
    Comments (1179) | Send Message
     
    Choose better words.

     

    The SEC IS INVESTIGATING a CDO transaction, in which Deutsche Bank, (notorious for their involvement in MBS in 2007/08), have yet again been implicated in CRIMINAL FRAUD, WIRE FRAUD, CONSPIRACY TO COMMIT FRAUD, for starters, by allowing Hedge Fund mutant Paulson & Co., to burn investors by betting against MBS that were hand picked by Paulson & Co, before being offered to customers. This is a guy who should be bunk mates with Bernie Madoff.

     

    This is not only criminal, but Deutsche Bank needs to lose their US license for this as well as being suspended from NYSE for at least one (1) calendar year, just to get their attention.

     

    * If a US Bank, pulled something like that in Germany, people would have been in custody days ago.

     

    SEC needs to toughen up on Germany.

     

    Now it is fact based, and straight to the point. Quit dancing around with suppositions and say what is happening.
    31 Jan 2012, 02:08 AM Reply Like
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