Friday, September 2, 2011

About Those MBS thingys

U.S. to sue big banks over mortgage securities: report | Reuters:

"(Reuters) - The agency that oversees mortgage markets is preparing to file suit against more than a dozen big banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble, The New York Times reported on Thursday.


'via Blog this'

Of course this will be spun on the right as the government interfering in the market and by the firebaggers as too little too late.

I call it a start.

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