DOJ probes nine banks on mortage-backed securities

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DOJ probes nine banks on mortage-backed securities

DOJ probes nine banks on mortage-backed securities

This is a bunch of bull. You mean to tell me after all these years of the fraud, bribes, manipulation and money laundering etc etc etc etc these banks are now being probed. Don’t expect much of what has been done before.

How many of these banks were former AG Holders clients? When is he scheduled to leave?

Clean Sweep…………………. before the next AG steps in.


Reuters-

At least nine banks face probes by the U.S. Department of Justice into their sales of mortgage-backed securities as part of an effort by the task force that reached the $13 billion agreement with JPMorgan Chase & Co, the Financial Times reported.

Citing people familiar with the matter, the newspaper said the banks include Bank of America Corp, Citigroup Inc , Credit Suisse Group, Deutsche Bank, Goldman Sachs Group Inc, Morgan Stanley, Royal Bank of Scotland, UBS, and Wells Fargo & Co .

Document requests and discussions between the banks and government have picked up recently after Eric Holder, the U.S. attorney-general, indicated publicly that more mortgage-backed security lawsuits were coming by the end of the year, the FT said.

[REUTERS]

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