U.S. Plans to Sue Banks Over Mortgage-Related Actions Linked to the Financial Crisis - WSJ

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U.S. Plans to Sue Banks Over Mortgage-Related Actions Linked to the Financial Crisis – WSJ

U.S. Plans to Sue Banks Over Mortgage-Related Actions Linked to the Financial Crisis – WSJ

Yea… OK… Just like you gave them a free pass over the Foreclosure Fraud. Aren’t most working for the Obama Administration?

Elections are around the corner!

WSJ-

Federal securities regulators plan to warn several major banks that they intend to sue them over mortgage-related actions linked to the financial crisis, according to people familiar with the matter.

The move would mark a stepped-up regulatory effort to hold Wall Street accountable for its sale of bonds linked to subprime mortgages in 2007 and 2008. At issue is whether the banks misrepresented the poor quality of loan pools they bundled and sold to investors, the people said.

It isn’t clear which firms will receive the formal Securities and Exchange Commission enforcement warnings, known as “Wells notices.”

Banks whose activities …

[WALL STREET JOURNAL]

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