This is a bank that has amassed $50 (that’s five-oh) billion in writedowns since 2007, mostly on U.S. mortgage debt.

What can we say but, go, IRS, go. Good story here.

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Dean Starkman Dean Starkman runs The Audit, CJR's business section, and is the author of The Watchdog That Didn't Bark: The Financial Crisis and the Disappearance of Investigative Journalism (Columbia University Press, January 2014). Follow Dean on Twitter: @deanstarkman.