2010-09-23wsj.com

Big U.S. banks are facing legal pressure to make up for losses tied to pools of soured low-end mortgage loans.

In the latest effort, a group of investors in 2,300 mortgage securities worth roughly $500 billion is seeking to force several banks that originated or are now servicing faulty subprime-mortgage loans to repurchase or modify them.



Comments:

catherine at 08:45 2010-09-23 said:
these boys already spent the taxpayer money you gave them washington............

now these banks will just start closing like Own-it did when the government asked them to pay back bad loans, they shut down in a week............

we will start seeing the rest of the BAD banks disappear now........125 today, 250 by christmas and that is if we are lucky, could be more Permalink

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