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Actually the German banks got into trouble mostly because they bought big time into the American subprime mortgage and CDS card house. Because those things prom
by brazzy 16y ago
Actually the German banks got into trouble mostly because they bought big time into the American subprime mortgage and CDS card house. Because those things promised low risks and high profits. Pressure from investors and politicians (who loved the idea of their regional banks becoming big players in the global market) did the rest.