FDIC sues big banks over mortgage debt losses

Discussion in 'Wall St. News' started by Banjo, May 21, 2012.

  1. Banjo


  2. Seeking a combined $92 million, the lawsuits accuse the banks of misrepresenting the risks of residential mortgages they packaged into securities, causing losses for investors once the poor quality and defective underwriting became evident.

    slap on the wrist, don't do it again.

    lets get busy and dream up some new crap to flog to the masses.


  3. how can you have like 90 different federal entities sueing the banks? doesn't make any sense. There should only be 2 lawsuits, 1 for the state, the other for the federal govt.