The Deutsche Bank suit could have a huge impact on the financials -- a new front in the mortgage wars. Deutsche surely isn't the only bank guilty of "reckless lending" and hoisting bad loans on the government. I'm looking to play the downside on BAC, C and WFC, especially after this morning's run up.
http://www.marketwatch.com/story/deutsche-bank-hit-with-us-mortgage-fraud-suit-2011-05-03
No comments:
Post a Comment