I must say with all of these “probes” against the same banks over and over and still no handcuffs, begs to ask what is going on with the government?

When is enough, enough?

Reuters-

U.S. federal and state authorities are investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, people familiar with the probe said on Thursday.

The Justice Department and the New York Attorney General are among those probing Credit Suisse’s actions, according to the sources, who spoke on condition of anonymity.

A spokesman for Credit Suisse, Switzerland’s second-largest bank, declined to comment.

Zurich-based Credit Suisse is the second bank known to be targeted by U.S. authorities probing how banks bundled mortgage loans into securities during the U.S. housing boom.

[REUTERS]

image: credit-suisse.com

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