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Germany, Sub-Prime Mortgage Backed Securities, and Scatology

Michael Lewis continues his around the world tour of the 2008 financial crisis from the view of Germany: It's the Economy, Dummkopf! . The story in the September issue of Vanity Fair seems to be all about excrement. We heard that there were big chunks of the mortgage securities business that...

Fingerprint Match in Vegas DUI Stop Leads to Arrest of German Man Suspected of $100 Million Ponzi Scheme

A German man who had been a fugitive for the past five years following the accusation that he mastermnded a $100 million Ponzi scheme was arrested last week after a fingerprint match from a DUI stop in Las Vegas prompted the interest of American and German authorities. Ulrich Felix Anton Engler, 51,...