Deutsche Bank, JPMorgan, UBS Charged With Fraud in Italy: Video

Deutsche Bank, JPMorgan, UBS Charged With Fraud in Italy: Video

www.bloomberg.com

March 17 (Bloomberg) -- Deutsche Bank AG, JPMorgan Chase & Co., UBS AG and Hypo Real Estate Holding AG’s Depfa Bank Plc unit were charged with fraud linked to the sale of derivatives to the city of Milan. Bloomberg's Elisa Martinuzzi reports. (Source: Bloomberg)

Running time 02:34

-0- Mar/17/2010 15:25 GMT
Last Updated: March 17, 2010 11:25 EDT

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March 17 (Bloomberg) -- Deutsche Bank AG, JPMorgan Chase & Co., UBS AG and Hypo Real Estate Holding AG’s Depfa Bank Plc unit were charged with fraud linked to the sale of derivatives to the city of Milan. Bloomberg's Elisa Martinuzzi reports. (Source: Bloomberg)

Italy seems to know who's at fault for it's troubles...

Now, let's see, where have we seen swaps written here in the US? Oh yeah, I remember - places like Jefferson County Alabama, where there have already been some guilty pleas on bribery related to those swaps!

I wonder if some State AGs could be persuaded to grow some brass between their legs and start bringing these institutions up on criminal charges?

(Yes, they should, and yes, I'd cheer.)

The Market Ticker.org sure knows how to throw an economic punch!

www.bloomberg.com
(visit the link for the full news article)