Government Sues Biggest U.S. Banks Over Mortgage-Backed Investments

In a sweeping move that opens a new front on the housing crisis, the U.S. 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.


Source: http://feeds.foxnews.com/~r/foxnews/politics/~3/aExX3uj0vBE/

hillary clinton george w bush nancy pelosi harry reid john mccain