Feds sue big banks over sales of risky investments (AP)

[TimesTen]

<p><a href="http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20110903/ap_on_bi_ge/us_big_banks_lawsuit"><img src="http://d.yimg.com/a/p/ap/20110902/capt.0641953183fb4dd2ac4219c411d72f64-2ad58388189e48f4ae34d2e43080e443-0.jpg?x=130&y=91&q=85&sig=2VCCKPufawC.IuhnPtdK1w--" align="left" height="91" width="130" alt="FILE - In this July 13, 2010 file photo, Bank of America's headquarters are shown in Charlotte, N.C. The government has sued the nation's largest banks, along with a handful of other financial institutions and executives, for violating federal and state laws in the sale of home mortgage-backed securities. Among the 17 institutions targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase & Co., Goldman Sachs. (AP Photo/Chuck Burton, File)" border="0" /></a>AP - The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.</p><br clear="all"/>

 

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