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German Banks and the US Mortgage Crisis

Deutsche Bank got a lot of negative press coverage in the United States. David Vickrey, who used to work on corporate finance transactions at Deutsche Bank Securiites and Barclays Capital, has written extensively in his blog Dialog International about the involvement of German banks in the US mortgage crisis. Here are a couple of posts in chronological order (latest on top):

Karma and Bad Times for Deutsche Bank in America (April 27, 2008)

Greed and Fear: US Subprime Crisis Takes Its Toll in Germany (April 9, 2008)

The Subprime Crisis Leads to Mad Mergers in Germany (April 1, 2008)

German Government: Please Sue Deutsche Bank (March 10, 2008)

Deutsche Bank: America's Foreclosure King (January 24, 2008)


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Mark on :

One way to jumpstart the mortgage industry is to make your house cheaper to sell by selling it yourself. These days there are tons of free fsbo sites just for this puprpose. A good example of this is where you can list your house for free through the end of 2008.

Joel Johnson on :

I think this pretty much sums up the state of affairs when it comes to the real estate market and home foreclosures. Home foreclosures are on the rise still, as those who were able to hold out are starting to feel the pressure of the slowing economy. With the recent debacle at the federal level concerning Fanny Mae and Freddy Mac... this is going to be an issue for a long time coming. Now the mortgage companies are in so deep that it will take a long time for these lending institutions to recover. Check out some other organizations that have felt the pain Organizations Not even the wealthy are immune to the gradual slowing of the economy. Take a look at some of the recent news about other people involved. Or the latest news! But we would never be in this mess if people weren't overspending their means.

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