WASHINGTON, Sept. 2 (UPI) -- The federal government will sue a dozen U.S. banks, charging they misrepresented the quality of mortgage securities sold in the housing bubble, insiders said.
The Federal Housing Finance Agency lawsuits, expected to be filed soon in federal court, target Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, three people knowledgeable about the matter told The New York Times.