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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Hey, maybe someone will pay. That'd be cool.
Gobama.
It's a step in the right direction.
If only these banks had been destroyed on 11 September 2001.
Banks are probably affraid. the progammers have messed up. Let the ego go.
So, give them money to keep them in business. Then sue them out of business?
Will we be suing Fannie and Freddie also? Or just the private banks that had to compete with the govt. agency loans.
Its about time!
So they are going to sue the banks over risky mortgages after bailing them out, all the while they are yelling at them to LOOSEN their lending standards and distribute some of that money their holding on to, hmmmm?...what if the banks stopped lending? Bank of America is selling their correspondent lending division right now...where will you go to get a loan if every bank did that?? Let me give you a hint....it would be some of the targets in this lawsuit
Aaaaaaand the lawyers make out like bandits. Again.
Lets go back a bit further to when our Washington Politicians wanted every family to be in their "dream homes". Our political brain trusts loosened up the requirements for laons and instructed banks that they should lend and then bundle them. NOW the same agency that forced Banks to make these loans (Fannie and Freddie) is sueing the banks for making bad loans. What are they thinking? I wish they would stop trying to lay blame on others when they made the original blunder.
I wish the government would move to China along with the too big to fail corporations.
Follow me I am organizing the bigest antigovernment cue ever,
@the prophet: but that's *our* plan.. We thought of it first..
We're gonna kidnap pilot's wife, and issue demands. We're gonna cut all her bits off, to show them we're not to be trifled with. And above all, we shall not submit to blackmail. NO BLACKMAIL!
@ DBS That that you wanted to talk about At your 6 12 post The people in charge and wanting the banks to loosen their purse strings was Chris Dodd and Barney rubble Frank both democrats
@The prophet Iam yours my dear sir TELL ME WHEN AND WHERE AND ITS COUP NOT CUE
@leeintulsa:
You're going to cut off her naughty bits?
Ok, Mr. Python!
Ok mr prophet sir when and where are we meeting I have had enough of this government