Shocker: U.S. sues former Deutsche Bank head subprime mortgage bond trader for crisis-era fraud

Shocker: U.S. sues former Deutsche Bank head subprime mortgage bond trader for crisis-era fraud: In what can only be regarded as a shocking development, the United States is suing the former head of subprime mortgage trading at Deutsche Bank over “systematically and intentionally” lying about the quality of subprime mortgages that backed nearly $1.5 billion in mortgage-backed securities in the run-up to the crisis.