Big Banks Face $100 Billion Legal Tab (And That's If They're Lucky)

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Big Banks Face $100 Billion Legal Tab (And That’s If They’re Lucky)

Big Banks Face $100 Billion Legal Tab (And That’s If They’re Lucky)

I’d venture to say it will be much more than this and this is only the tip of an iceberg…but with big government perks lurking around the corner as always to watch their backs.

HuffPO-

You may think that being a too-big-to-fail bank is just one long, consequence-free romp, but it does come at some cost: an enormous and growing legal tab that will probably swell beyond $100 billion, all told.

See, when you’re an immense sea-creature of a bank, you naturally have your tendrils in a lot of different holes, which means you’re ever more likely to get yourself into trouble by doing stuff like accidentally-on-purpose manipulating interest rates or lying to investors about the quality of putrid mortgage junk you sell them.

Of course, you’re far too big to go to jail, so you don’t ever have to worry about that. But that doesn’t mean your victims won’t come after you with the one thing they have at their disposal: lawyers.

[HUFFINGTON POST]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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