The government sued big banks for selling Frannie May and Frannie Mac mortgage-backed secrurites, worth billions of dollars, that didnt work when the house market collapsed, on Friday. Federal Housing Finance Agency filed lawsuits. The lawsuits are worth 196 billion dollars. Thoughts??
http://news.yahoo.com/feds-sue-big-banks-over-sales-risky-investments-000212787.html
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