Kamis, 01 September 2011

US Will Sue Big Banks Over Housing Bubble Mortgages

The Federal Housing Finance Agency (FHFA) which oversees giant mortgage lenders Fannie Mae and Freddie Mac will file in federal court.  Bank of America, JPMorgan Chase, Goldman Sachs, Deutsche Bank and more will be accused of misrepresenting the quality of mortgage backed securities.  The US will seek billions of dollars in compensation.  From NYT:
The suits will argue the banks, which assembled

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