This is a local10.com article.
Risky assets played role in US housing meltdown.
LONDON (CNNMoney) – Deutsche Bank has struck a deal worth $7.2 billion with the U.S. government to settle claims that it packaged up toxic mortgages between 2005 and 2007.
Risky assets from Deutsche Bank and other financial firms played a role in the meltdown of the U.S. housing market and the global financial crisis that followed.
Under the preliminary deal announced late Thursday, Germany’s biggest lender said it will pay a fine of $3.1 billion and provide $4.1 billion in measures like loan modifications to homeowners and borrowers in the U.S.
PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”