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Federal Home Loan sues banks for $2B (New York Post)


• January 28, 2010
   
 

Morgan Stanley, UBS and Barclays were among banks sued by Federal Home Loan Bank of Seattle, which seeks to recoup more than $2 billion it paid for certificates backed by faulty mortgages. The banks made misleading statements about the asset-backed securities and the credit quality of the mortgage loans that…


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