September 2nd, 2011
05:08 PM ET

Government sues 17 banks over risky mortgages

The Federal Housing Finance Agency, the conservator that oversees Fannie Mae and Freddie Mac, sued 17 financial firms Friday to recoup losses from risky mortgage loans.

The targets of the lawsuits include Bank of America, Citigroup, J.P. Morgan Chase, Goldman Sachs and even General Electric, among others.

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Filed under: Economy • Finance
soundoff (41 Responses)
  1. San Jacinto

    the banks need to sue Barney Frank and the Democrat party for forcing them to lend money to people that they knew could not pay the loans back.

    September 3, 2011 at 10:09 am | Report abuse | Reply
    • leeintulsa

      @san jacinto: Do you think i have a problem with that? If there were culpable parties, hang em all. It's all for the court to decide.

      I know everybody hates the government, so en vogue. Considering every option that exists, i'll take it. Some people can't *blog*, for christ's sake..

      September 3, 2011 at 2:38 pm | Report abuse |
  2. banasy©

    I agree with your assessment completely, leeintulsa.
    You're also correct...some people can't blog!

    September 3, 2011 at 3:38 pm | Report abuse | Reply
  3. Dale Sowder

    Well the shoe has finally dropped on BAC and all the other banks. The era of Corruption with Impunity may be coming under review after all. WAIT TILL THE GOVERNMENT FINDS OUT THAT EVERYBODYS HOUSES HAVE BEEN SOLD BY THE BANKS MULTIPLE TIMES TO NUMEROUS INVESTORS. THIS IS THE DIRTY BIG SECRET THE PUBLIC HAS YET TO UNDERSTAND.

    September 4, 2011 at 5:22 am | Report abuse | Reply
  4. Miss Kitty Russell

    Oo-oo Deputy Eric Holden! darlin' I'm gonna hafta put out extra settings for my plaid-covered dish. I'm sure Sheriff Gunsmoke won't be appreciatin' not havin' extra servings but what can a country saloon girl do when so many law enforcement boys are hard at work...round dem up cowboys!

    September 4, 2011 at 9:36 am | Report abuse | Reply
  5. HelenHull102951

    The only prople getting loans are the FREAKING ILLEAGALS FROM EVERY COUNTRY IN THIS GOD-FORSAKEN COUNTRY!! Fix that problem and this country would be better off.. Get them all out, by force if nessesary but get them all out.

    September 5, 2011 at 9:50 am | Report abuse | Reply
  6. HelenHull102951

    Let's over-throw this gov. Then show them who runs this country... HINT: WE THE PEOPLE....

    September 5, 2011 at 9:53 am | Report abuse | Reply
  7. Jazzzzzzzz

    September 5, 2011 at 11:28 pm | Report abuse | Reply
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