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BofA, JPMorgan Among 17 Banks Sued by U.S. for $196 Billion

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.


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Dr. Stephen Jones


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