Just In | FDIC Sues JPMorgan, Citigroup, BofA Securities, Deutsche Bank

Headline for now. More to come as we get it…

From Bloomberg…

The Federal Deposit Insurance Corp. sued JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Securities and Deutsche Bank AG. (DBK) The FDIC sued in New York federal court as receiver for Strategic Capital Bank, claiming $11 million in a mortgage-backed securities case.

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Comments
6 Responses to “Just In | FDIC Sues JPMorgan, Citigroup, BofA Securities, Deutsche Bank”
  1. Jason Werner says:

    Funny to see a criminal suing a criminal.

  2. To Tell The Truth says:

    Want to see Deutsche crash big time…they got bail out money also all the way to Germany…every Deutsche fraudclosure suit should be satisfied to the benefit of the plaintiff to recapture those moneys!!!!To ensure it returns to US soil and taxpayers benefit. LIL

  3. DOMINIC CODIO says:

    Isn’t the FDIC a government entity? And Bank of America is a government owned corp as of today. Therefore how can the government sue the government? It’s all a game. By the way if you travel to D.C. the Treasury department is across the street from Bank of America. LOL

    • Hell No, No More Bail-OUTS says:

      While Bank of America continues to be shored up by the federal government at every turn, there is no official status of BofA being government owned.

      In fact, BofA gets shored up by the government and turns around and buys more politicians and judges, in my humble opinion.

      While it is totally disgusting for BofA to repeatedly be shored up instead of split up or put into receivership, BofA is still a publicly traded corporation the last I checked.

      • To Tell The Truth says:

        BOA got tax payers bailout…therefore is part gov…BOA is part of MERS and so is the GOV…what am I missing?

  4. Pamela Edwards says:

    This should have happened years ago before it spiraled out of control.If the government hadn’t been in bed with the bankers all along this would not have happened.No excuse for anything that they have done is good enough.

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