http://www.americanbanker.com/issues/176_172/fhfa-lawsuits-private-label-mortgage-backed-securities-1041878-1.html
after 3 years this is the most substantial action taken by the feds against the Wall Street banks. It remains to be seen how serious the feds are about this due to the timidity of this administration when it comes to being stern with the financial industry.
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