Sep 07, 2011

So after bailing out these banks and rewarding them for their sins, now the US government is suing them?

http://www.bloomberg.com/news/2011-09-03/jpmorgan-bofa-among-17-banks-sued-by-fhfa-over-196-billion-in-securities.html

This is bound to cause some uncertainty in the financial sector. But since the Treasury Department is Goldman-occupied territory, I don't see that this will go anywhere apart from a miracle.