As Deutsche Bank Teeters, DOJ Demands $14 Billion

Deutsche Bank AG (NYSE:DB) has been under a lot of pressure over the past few months as regular readers of this site already know. However, last night the DOJ delivered what literally could be a fatal blow asking $14 billion (just for starters). Before we continue let me say a few things. Unlike most I will admit in this case I know almost nothing (maybe actually nothing) about complex RMBS laws, DOJ, German and US law in that regard etc. I also understand that there is no good time but the DOJ has sat on its hands for a decade and now when Deutsche Bank which is teetering on the brink they ask for a massive amount of money....