"MortgageIT, a subsidiary of Germany's largest lender, egregiously violated federal rules that came with government backing on more than 39,000 mortgages worth more than $5 billion since 1999, according to the lawsuit filed in Manhattan federal court."
Finally we can stop talking about sleazy Wall Street banks, and start talking about sleazy German banks!
You know, we shouldn't prejudge, because people are people -- Americans are the same as people all over the world. And big banks are big banks -- they're all sleazy and want to cheat American borrowers and taxpayers. (Especially when the USG makes it so darn easy for them to be so sleazy!) Can I get an "Amen!"
By Shahien Nasiripour
May 3, 2011 | Huffington Post