Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

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To: David C. Burns who wrote (1142)	9/22/2010 9:49:17 PM
From: Sr K	Read Replies (1) of 1428

wsj.com By CARRICK MOLLENKAMP Big U.S. banks are facing legal pressure to make up for losses tied to pools of soured low-end mortgage loans. In the latest effort, a group of investors in 2,300 mortgage securities worth roughly $500 billion is seeking to force several banks that originated or are now servicing faulty subprime-mortgage loans to repurchase or modify them.

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