The first case has been filed by a joint federal-state working group on Wall Street's packaging of residential mortgage-backed securities, and more are expected.
October 05, 2012 at 12:00 AM
1 minute read
Ten months ago, the Justice Department announced it would team with state attorneys general to share resources and plot strategy in potential legal action against banks involved in the mortgage crisis.
The Residential Mortgage-Backed Securities Working Group was designed to put more ammunition in the legal arsenals of federal and state prosecutors. And since its formation, 200 state and federal officials have been taking part.
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