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What does this do: USA sues big banks?
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by YankeeJim | September 2, 2011 at 01:16 pm
65 views | 0 Recommendations | 2 comments
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Screwed me once, screw me again
My bank is one of the bad guys. If they take hit, I take a hit. If they don’t take a hit, there is no chance of the USA recovering anything. I wonder if I can get a Swiss bank account on short notice.
“News Alert: Government sues 17 banks including Bank of America, Citi, Goldman Sachs over risky mortgages
September 2, 2011 5:10:31 PM
The Federal Housing Finance Agency, the regulator overseeing Fannie Mae and Freddie Mac, on Friday sued 17 major domestic and foreign banks, alleging they sold at least $179 billion worth of toxic mortgage securities to taxpayer-backed Fannie and Freddie in the years leading up to the financial crisis.
The suits target Bank of America, Citigroup, J.P. Morgan Chase, Goldman Sachs and even General Electric, among others.
http://link.email.washingtonpost.com/...8EIO/6C/h
”
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Most RecentMost Recommended Comments (2)
at 13:38 on September 2nd, 2011
"My bank is one of the bad guys. If they take hit, I take a hit."
I think you and all of us have already taken that hit..lol
at 15:11 on September 2nd, 2011
Screwed once and screw again, and again.