Tag Archive | "faulty mortgage"

Morgan Stanley’s Lies Cost Them $1.25 Billion

Watch out, bankers – the government isn’t going to let you slide any longer. The Federal Housing finance Agency (FHFA) started suing banks in 2011 to recover some of the money that taxpayers lost during 2008. Among these banks is Morgan Stanley, whose faulty mortgage-backed securities helped ruin Freddie Mac and Fannie Mae. Morgan Stanley […]

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