Banks considering nuclear option vs. Uncle Sam

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#1 Tue, Sep 6, 2011 - 10:25am
Paladex
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Banks considering nuclear option vs. Uncle Sam

Does the phrase, "mutually assured destruction" mean anything to these clowns? 

[Morning Money] hears that instead of contemplating settlements of the FHFA mortgage-backed securities lawsuits, big banks and their attorneys are more likely to pursue what insiders describe as an all out war strategy in which they go after Fannie Mae and Freddie Mac (and by default their Democratic supporters) in a scorched earth strategy to show the GSE’s took an active role in creating the very securities they are now suing the banks over.

Read more: https://www.businessinsider.com/banks-may-go-for-total-war-in-fight-against-the-fhfa-2011-9#ixzz1XBMu0cBS

Edited by: Paladex on Nov 8, 2014 - 5:04am
Tue, Sep 6, 2011 - 7:10pm
Ratatouille
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Stocking up... on popcorn

What we need now is a return to the bartering system, and the internet may be just the way to do it.

LOL, wouldn't that just be loverly.