Monday, May 21, 2012
FDIC sues a few Banksters
Having had to pay for the collapse of all too many banks since the beginning of the Bush Depression, the FDIC is looking to get some of that money back from the Banksters who sold the banks a load of shit.
The Federal Deposit Insurance Corp. sued a group of banks, including JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Securities and Deutsche Bank AG (DBK), in two suits over mortgage-backed securities.They did a double pinkie swear that it was good shit.
The FDIC, acting as receiver for two failed banks, filed the suits in New York federal court today seeking money the banks allegedly lost on securities backed by residential mortgages. The suits claim a total of $77 million.
The FDIC filed an $11 million claim as receiver for Strategic Capital Bank, a Champaign, Illinois commercial bank that was closed by regulators in 2009. It filed a separate $66 million claim on behalf of Strategic Capital and Citizens National Bank.
The FDIC alleges the defendants misled investors in the registration statements for the securities.
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