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Ambac Financial Group, Inc. Message Board

  • sew1959a sew1959a Dec 5, 2013 3:42 PM Flag

    DOJ plans more MBS fraud cases in New Year • 4:44 AM

    DOJ plans more MBS fraud cases in New Year • 4:44 AM

    The Department of Justice intends to bring cases against several financial institutions next year for what it says is mortgage-bond fraud, Attorney General Eric Holder told Reuters yesterday.
    While Holder said that the DOJ would use JPMorgan's $13B agreement as a template, he didn't provide details about which banks are in his crosshairs.
    Firms that have acknowledged that they are under investigation include Bank of America (BAC), Citigroup (C) and Goldman Sachs (GS).

    Sentiment: Hold

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