$FMCC and $FNMA $205 billion lawsuit against 18 b

$FMCC and $FNMA

$205 billion lawsuit against 18 banks THAT PACKAGED BAD LOANS TO FNMA/FMCC. THEY ARE PAYING ONE BY ONE (mostly settlement thus far)

18 banks sued by the U.S. to recoup $200.5 billion spent on mortgage-backed securities bought by Fannie Mae and Freddie Mac

1. Ally Financial Inc. f/k/a GMAC, LLC ( $6 billion )
2. Bank of America Corporation ( $6 billion )
3. Barclays Bank PLC ( $4.9 billion )
4. Citigroup, Inc. ( $3.5 billion )
5. Countrywide Financial Corporation ( $26.6 billion )
6. Credit Suisse Holdings (USA), Inc.( $14.1 billion )
7. Deutsche Bank AG ( $14.2 billion )
8. First Horizon National Corporatio ( $883 million )
9. General Electric Company ( $549 million )
10. Goldman Sachs & Co.( $11.1 billion )
11. HSBC North America Holdings, Inc. ( $6.2 billion )
12. JPMorgan Chase & Co.( $33 billion )
13. Merrill Lynch & Co. / First Franklin Financial Corp. ( $24.8 billion )
14. Morgan Stanley ( $10.6 billion )
15. Nomura Holding America Inc.( $2 billion )
16. The Royal Bank of Scotland Group PLC( $30.4 billion )
17. Société Général( $1.3 billion )
18. UBS, Swiss Bank, ($4.5 billion)

http://www.fhfa.gov/webfiles/22599/PLSLitigat...090211.pdf

http://www.bloomberg.com/news/2011-09-03/jpmo...ities.html