Atomic Bob's Stock Forum - The Golden Thread

WASHINGTON (MarketWatch) -- A federal U.S. agency on Friday afternoon sued seventeen major banks, arguing that they misrepresented the quality of mortgage securities they put together and sold in the run-up to the bursting of the housing bubble. The Federal Housing Finance Agency sued the banks over soured mortgages including charges against Bank of America Corp. over $6 billion in soured mortgages. It also sued Citigroup Inc. over $3.5 billion in mortgages, Barclays over $4.98 billion in loans.

http://www.marketwatch.com/story/us-sues-17-big-banks-over-mortgages-2011-09-02?siteid=

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