Ally Financial (ex-GMAC), $6 billion
Bank of America Corp., $6 billion
Barclays Bank, $4.9 billion
Citigroup, $3.5 billion
Countrywide, $26.6 billion
Credit Suisse Holdings USA, $14.1 billion
Deutsche Bank, $14.2 billion
First Horizon National, $883 million
General Electric, $549 million
Goldman Sachs, $11.1 billion
HSBC North America, $6.2 billion
J.P. Morgan Chase, $33 billion
Merrill Lynch/First Franklin Financial, $24.853 billion
Morgan Stanley, $10.58 billion
Nomura Holding America Inc., $2 billion
Royal Bank of Scotland Group, $30.4 billion
Societe Generale, $1.3 billion
Citi only gave the 962 million so assume that all the lawsuits only yield 25% that's over 50 billion dollars(roughly). Each settlement once uplisted will rock this stock to the tune of a dollar a pop.
WASHINGTON (Reuters) - A U.S. housing regulator on Thursday said it reached an $885 million settlement with UBS over allegations the bank misrepresented mortgage-backed bonds that were sold to Fannie Mae and Freddie Mac between 2004 and 2007.
Edward DeMarco, the acting director of the Federal Housing Finance Agency, said in a statement the resolution provides "greater clarity" and helps preserve the assets of the two companies. Fannie Mae and Freddie Mac were taken over by the government in 2008 and have been kept afloat with taxpayer dollars.
Well they settled for way less than 25% of their original suit. But it is still money.
Fannie Mae website...
Among those surveyed, 56 percent say rental prices will go up during the next year – an 8 percentage point increase and the highest level since the survey's inception – and the average 12-month rental price change expectation jumped 1.2 percent to 4.6 percent. Americans' outlook on their personal finances also increased significantly in June. The share who expect their personal financial situation to improve during the next year climbed to 46 percent, the highest level since June 2010. The share who say their household income is significantly higher than it was 12 months ago jumped 6 percentage points to a survey high 26 percent.
If I cared about a day to day basis. I am willing to take a chance on it. I have a gambling bug. I like my odds just like I like to be 100 bucks on one number in roulette. If I hit I win $3,500 if I don#$%$ a 100 bucks. In this stocks case it's either zero or 100+ a share. The greatest risk in life is to never take one.