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eric pebble

Uk Banks Set To Be Sued By Us Over 'liar Loans' Fiasco.

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UK banks set to be sued by US over 'liar loans' fiasco.

Britain's biggest banks are expected to be named in a series of multi-billion dollar lawsuits due to be filed in US federal court.

More than a dozen of the world's top banks, which are likely to include Barclays, HSBC and Royal Bank of Scotland, are to sued by an arm of the US government for their role in the subprime mortgage fiasco.

In the latest blow to the beleaguered industry, the Federal Housing Finance Agency is poised to file lawsuits seeking many billions of dollars in compensation, alleging the banks broke securities laws.

http://www.thisislondon.co.uk/standard-business/article-23983408-uk-banks-set-to-be-sued-by-us-over-liar-loans-fiasco.do

And WHERE are the UK Prosecutors??? NOWHERE, AS USUAL. :angry: :angry: :angry:

-------------------------------

& it's summarised well HERE in a nutshell......

http://webcache.googleusercontent.com/search?q=cache:_8m0YDdXmNQJ:www.nakedcapitalism.com/2011/09/the-financial-zoo-an-interview-with-satyajit-das-%E2%80%93-part-i.html+liar+loans&cd=30&hl=en&ct=clnk&gl=uk

LIAR LOANS;

THE GREATEST FRAUD IN ALL HISTORY :rolleyes:

Edited by eric pebble

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Presumably this compensation paid to the US will adversly affect the banks' balance sheets and eventually wind up being paid for by the good old british or european taxpayer.

America invented these instruments in the first place so should be told to F*** off.

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Presumably this compensation paid to the US will adversly affect the banks' balance sheets and eventually wind up being paid for by the good old british or european taxpayer.

America invented these instruments in the first place so should be told to F*** off.

Rob Peter to pay Paul....? :rolleyes:

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Rob Peter to pay Paul....? :rolleyes:

Rob peter to pay for Obamarama's election campaign and hide the mess in his and previous incumbent's wake - all the better if you can get it from foreign companies.

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Rob peter to pay for Obamarama's election campaign and hide the mess in his and previous incumbent's wake - all the better if you can get it from foreign companies.

Well said that man..

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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