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"The tip of the iceberg is a particular fine by the Department of Justice, a large fine with the opening numbers around $14 billion, with regard to how they created and sold mortgage-backed securities before 2008," he says.
There are private negotiations underway over the amount of that fine, Johnson says, with the bank and the German government pushing back.
He says this sets up a huge conflict of interest for the president-elect: Once Trump takes office, he will be overseeing the Justice Department, which in turn is negotiating a fine with his biggest lender.
Some German sources are saying that in order for Merkel to have initially reached Trump..she had to go through his son-in-law...