The Federal Housing Finance Agency will argue that the banks should have known the securities were not sound.
Bank of America, JPMorgan Chase, and Goldman Sachs are to face action, the newspaper quotes sources as saying.
>>>Go on reading
Friday, September 2, 2011
US 'to sue a dozen banks over housing bubble mortgages'
BBC News
The US is planning to sue more than a dozen major banks for misrepresenting the quality of mortgages they sold during the housing bubble, the New York Times reports.
The Federal Housing Finance Agency will argue that the banks should have known the securities were not sound.
Bank of America, JPMorgan Chase, and Goldman Sachs are to face action, the newspaper quotes sources as saying.
>>>Go on reading
The Federal Housing Finance Agency will argue that the banks should have known the securities were not sound.
Bank of America, JPMorgan Chase, and Goldman Sachs are to face action, the newspaper quotes sources as saying.
>>>Go on reading
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