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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: joefromspringfield who wrote (111883)9/2/2011 11:00:51 PM
From: Jorj X Mckie6 Recommendations  Read Replies (2) of 224749
 
"The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed."

I suspect that the government is going to regret this lawsuit. There is going to be a paper trail of who applied pressure to the banks to make the loans. I believe that paper trail is going to head right back to Washington DC.
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