Rare Burst of Regulatory Activity Against Banks: US v DeutscheBank and Levin Really Does Refer Goldman to DOJ and SEC

From Complaint file stamped today in US v Deutsche:

“Once in that program, they recklessly selected mortgages that violated program rules in blatant disregard of whether borrowers could make mortgage payments. While Deutsche Bank and MortgageIT profited from the resale of these government-issued mortgages, thousands of American homeowners have faced default and eviction.”

Also this, in another rare burst of regulatory muscle flexing:

SEC and DOJ Review Senate Findings Regarding Wrongdoing by Goldman Sachs

No, wait, don’t tell us, they’ll fine them the equivalent of $10 to GS.  Or, as Martin Andelman puts it, revoke their warm hand towel privileges.


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