Wall Street's New Nightmare: The Next Wave Of Mortgage-Backed Securities Claims

`` Quietly and without fanfare, Patrick and her 23 bondholding giants--one of the most powerful investor groups ever assembled for litigation--are gearing up for something big: a painful new reckoning for the mortgage-lending debacle, with most of Wall Street's big banks in her crosshairs. "This group did not come together just to deal with Bank of America. They came together because they wanted a comprehensive industrywide strategy and an industrywide solution," Patrick tells FORBES. "They started with Bank of America because they thought they could achieve a template that they could extend to other institutions." ''