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BERLIN – The German government may consider taking legal action in a case in which Goldman Sachs & Co. is accused of defrauding investors, a newspaper reported Saturday.
The U.S. government alleges Goldman Sachs sold mortgage investments without telling buyers they were crafted with input from a client who was betting on them failing.
Buyers included German bank IKB Deutsche Industriebank AG — an early victim of the financial crisis that was rescued by the state-owned KfW development bank among others
Originally posted by MemoryShock
I think it is sad...that in a time where patriotism is called upon, that the institutions that Americans rely are not only hedging their bets for their profits but are screwing over their international counterparts.
Originally posted by Dermo
And if Germany go ahead with it.. Wait until the rest of the EU jumps in The governments of a quarter of the worlds economy could end up suing GoldmanSachs and banning them from trading in their markets..
Now that would be hilarious..
Originally posted by Chevalerous
I don't have any link or printed proof to show you, but I think that many of your urgent foreign bailouts went to foreign Banks and financial institutions in Dubai, Europe and Asia as temporary compensation to cover some of these worthless financial instrument from Wall Street.
Originally posted by GreenBicMan
reply to post by Chevalerous
Well first of all it is civil
But second of all I must disagree my friend in this instance.
If you think for one minute that Deutsche Bank isn't on "the level" with Goldman and JP & Friends you are mistaken.
It's like our democrats and republicans.. They may seem split but all enjoy snorting off of the same silver platter if you know what I mean.
I am also very much hypothesizing that DBank is heavily involved in OTC Derivatives as well.