Federal Housing Finance Agency to Sue a Dozen Big Banks Over Mortgages

The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation.

Here.

Yet more uncertainty for the economy. These discretionary attacks disrupt the workplace at these firms, and diverts resources away from increasing sales and making process improvements. This occurs because employees now have to gather the information the government is demanding.

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