FDIC Sues Banks Over MBS

21 May 2012

The Federal Deposit Insurance Corp., as receiver of two collapsed banks, has filed two separate lawsuit against several banks, alleging that the issuers of mortgage-backed securities made misleading statements in their registrations regarding the health of the underlying loans.

The Federal Deposit Insurance Corp., as receiver of two collapsed banks, has filed two separate lawsuit against several banks, alleging that the issuers of mortgage-backed securities made misleading statements in their registrations regarding the health of the underlying loans. Among the banks named in the suit are JPMorgan ...

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