[nauc]

"A federal agency sued more than a dozen major banks Friday for billions of dollars in losses on over $200 billion in mortgage securities bought by government controlled Fannie Mae and Freddie Mac during the housing bubble."

full story...

http://www.marketwatch.com/story/us-sues-big-banks-over-mortgage-losses-2011-09-02?link=MW_pulse

 

[stevew]

charlie rangel says fvck you.

 

[Pesqueeb]

So......Were suing all the banks we gave billions of dollars to because they were loaded up with bad mortgages that they created. Is that right?

 

[HAB]

So......Were suing all the banks we gave billions of dollars to because they were loaded up with bad mortgages that they created. Is that right?

Yes.5

 

[X3pilot]

None of us are as dumb as all of us.