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.

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'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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