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September 3, 2011

U.S. Is Set 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.”

Read the full article at The New York Times

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