TARP is winding down...bring on the lawsuits.
Within the next week, the US government is set to sue a dozen banks for billions in losses caused by those banks' misrepresenting the risks of mortgage-backed securities. This is in addition to numerous State Attorneys General suing the banks for failing to reach an agreement in foreclosure abuses. Insurance giant AIG will also be suing BofA
to recoup losses over the mortgage bonds. BofA had also agreed to a settlement of $8.5 billion
to cover losses from soured mortgage debt issued through Countrywide. Deutsche Bank is suing WaMu
. Goldman Sachs already settled with the SEC for $500 million
for their fraud and have been sued by others
seeking to recover losses. [more inside]
Steve Carell may be hilarious in the office
, but how much would his jackass behavior cost
in real-life? clips
Is there really a $7 billion lawsuit against the Bush administration
-- filed on behalf of 14 of the victims' families -- charging that he let 9-11 happen on purpose? Seems like kind of a weird thing for a few web sites to fabricate, but a google search
doesn't reveal many mainstream news sources.
And what do folks think of the "Let It Happen On Purpose" theory... or more importantly, the evidence that the theorists cite?
Legal fun with SeanBaby
- The Probe
sinks its teeth into America's favorite pasttime - morons using the legal system to profit from their own idiocy.
Verizon sues Covad
for creating thousands of false trouble tickets. So that's
why my DSL took so long!