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US Files Mortgage Lawsuits against BofA, 16 Other Banks
Late Friday, the Federal Housing Finance Agency sued 17 of the nation's biggest banks , including Bank of America, Citigroup and Goldman Sachs, are banks that received TARP bailouts during the Bush and Obama Administrations. Ironically, the suit itself could mean more bailout money for the same institutions.
By Warren Olney • • 1 min readLate Friday, the Federal Housing Finance Agency sued 17 of the nation's biggest banks, including Bank of America, Citigroup and Goldman Sachs, are banks that received TARP bailouts during the Bush and Obama Administrations. Ironically, the suit itself could mean more bailout money for the same institutions. Dawn Kopecki is finance reporter for Bloomberg News.
