Suing the banks - about freakin' time...!
more like this...
it's 1:45 a.m... i fell asleep around 6 p.m. with my clothes on and am just now getting up to go back to bed... still recovering from jet-lag, i guess...
anywayz...
doing a late-night email check, i ran across the above, guaranteed to put a smile on my face... how sad that even the slightest evidence of any accountability whatsoever can make my heart flutter...
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U.S. Is Set to Sue a Dozen Big Banks Over Mortgages
The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation.
The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter.
The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims.
it's 1:45 a.m... i fell asleep around 6 p.m. with my clothes on and am just now getting up to go back to bed... still recovering from jet-lag, i guess...
anywayz...
doing a late-night email check, i ran across the above, guaranteed to put a smile on my face... how sad that even the slightest evidence of any accountability whatsoever can make my heart flutter...
Labels: accountability, Bank of America, banksters, Deutsche Bank, Fannie Mae, Federal Housing Finance Agency, Freddie Mac, Goldman Sachs, JPMorgan Chase, Mortgage Lenders
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