American subprime mortgage fiasco or crime hits German banks

The American subprime mortgage fiasco or crime has also affected German banks. Several banks have had to stop transactions, receive infusions of cash from the Central Bank, and one recently was sold to a rival to help it withstand bankruptcy. It is hard to say how many more banks here could be affected since the situation in the US is hardly close to being over. The tentacles of greed could strangle quite a few more banks here as its grip tightens before receding.