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SITWAP: US Federal Agency to sue Big Banks over mortgages -- (link)
Posted by
Strongbad (aka Rambler14)
Sep 2 '11, 12:22
(No message)
The suits will argue the banks, which assembled the mortgages and marketed them as securities to investors, failed to perform the due diligence required under securities law and missed evidence that borrowers� incomes were inflated or falsified.
(www.nytimes.com)
Responses:
bank of america today -8.28%, a mere 12 cents from the buffett warrant strike price....nm
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x
Sep 2, 12:26
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