Hi there,

On Tuesday, November 5, Democracy Now! will air a 4-hour election night special broadcast from 8 pm to midnight ET. We will also air an expanded 2-hour election show for our daily broadcast from 8 to 10 am on Wednesday, November 6. Because Democracy Now! does not accept corporate advertising or sponsorship revenue, we rely on viewers like you to feature voices and analysis you won’t get anywhere else. Can you donate $15 to Democracy Now! today to support our election and post-election coverage? Right now, a generous donor will DOUBLE your gift, which means your $15 donation is worth $30. Please help us air in-depth, substantive coverage of the election and what it means for our collective future. Thank you so much! Every dollar makes a difference.
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Banks to Face Federal Suits over Mortgage Securities

HeadlineSep 02, 2011

The federal agency responsible for overseeing mortgage markets is reportedly set to file a lawsuit against more than a dozen big banks for misrepresenting mortgage securities they sold during the housing bubble that preceded the nation’s financial meltdown. According to the New York Times, the Federal Housing Finance Agency is preparing lawsuits against firms including Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank. The lawsuits will accuse the banks of packaging and selling mortgage securities at inflated prices ultimately borne by U.S. taxpayers when the economy crashed in late 2008.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top