The Federal Housing Finance Agency filed suit today against 17 of the world’s largest financial firms, seeking to recover losses suffered by Fannie Mae and Freddie Mac on private-label mortgage-backed securities.
The suits, filed in New York federal or state court or federal court in Connecticut, target firms including Bank of America Corp., Citigroup, Inc., Deutsche Bank AG, Goldman Sachs & Co., JPMorgan Chase & Co., Merrill Lynch & Co. and Morgan Stanley, as well as their officers and lead underwriters.
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