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U S Tries To Sue Deutsche Bank For 1,000,000,000 Usd

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Rather than deeply analyze the internal makeup of these CDOs, they were content to trust the AAA ratings of Moodys and Standard & Poors. To them, it was like insuring US Treasuries, and so they considered their regular income stream of insurance premiums to be easy profits.

Unfortunately, they were right :(

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Knew a bunch of London based Deutsche Bankers 2000 -2006. They were relatively inexperienced guys in their early 30's playing all kinds of games with people's money. The head of the bank had to kick their arses over a derivatives scam. But they didn't lose their jobs or accompanying stratospheric salaries.

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