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Obama, U.S. Department of Justice lawyers, Deutsche Bank WTF
09-30-2016, 07:15 PM
Post: #1
Obama, U.S. Department of Justice lawyers, Deutsche Bank WTF
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http://www.wsj.com/articles/obamas-polit...1475275928


Sept. 30, 2016 6:52 p.m. ET
2 COMMENTS

How much money can the Obama Administration seize from banks before triggering a global financial panic? U.S. Department of Justice lawyers decided to find out by running a two-week experiment at Germany’s Deutsche Bank. The experiment appears to have ended on Friday, but not before Washington had ignited a run on one of the world’s largest financial institutions.

The government threat to Deutsche Bank’s safety and soundness began on Sept. 15. That’s when the Journal reported that Justice was demanding an eye-watering $14 billion to resolve an investigation of the bank’s sale of mortgage-backed securities prior to the 2008 financial panic.

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