Insider's Game

Selected writings by David Fiderer

Why GE and Citi Settled with FHFA

First published in on June 6, 2013

Why GE and Citi Settled with FHFA

 

Banks’ defense against litigation over the sale of bad mortgage-backed securities to Fannie and Freddie hinges on the unseemly idea that it is unreasonable to assume that the world’s largest banks would comply with the Securities Act of 1933.

 

[Go to American Banker link.]