Archive for April, 2011
DEUTSCHE BANK, SECURITIZATION FRAUD AND FORECLOSURE FRAUD
Lynn E. Szymoniak, Esq., April 23, 2011
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On April 13, 2011, the Permanent Subcommittee on Investigations of the U.S. Senate released a report titled “Wall Street and The Financial Crisis: Anatomy of a Financial Collapse.”
Section VI of the Report, pages 318 to 639, is titled “Investment Bank Abuses: Case Study of Goldman Sachs and Deutsche Bank.” Part B of this section, pages 330 to 375, focuses on Deutsche Bank and is titled “Running the CDO Machine: Case Study of Deutsche Bank.”
The Deutsche Bank case study section is divided into the following areas:
(1) Subcommittee Investigation and Findings of Fact
(2) Deutsche Bank Background
(3) Deutsche Bank’s $5 Billion Short
(a) Lippmann’s Negative View of Mortgage Related Assets
(b) Building And Cashing In the $5 Billion Short
(4) The “CDO Machine” (5)…
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