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Why GE and Citi Settled with FHFA

Time is money, especially with lawyers. Some quick calculations explain why General Electric and Citigroup were the first among 18 bond underwriters to extricate themselves from the protracted litigation involving the sale of residential mortgage bonds to Fannie Mae and Freddie Mac.

via Why GE and Citi Settled with FHFA – Bank Think Article – American Banker.

 

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