Tuesday, September 6, 2011
A French revolution on corporations
We learned this week that Wall Street needs to lawyer up - because the Federal Housing Finance Agency is filing suit against more than a dozen of the nation's biggest banks - accusing the banksters of selling junk-mortgage securities to investors - which was the trigger of Bush's 2008 financial crisis. Mortgage lending giants Fannie Mae and Freddie Mac lost more than $30 billion after the banksters hustled them into buying these piles of mortgage junk - and now the government is coming to collect.
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