Just before the three-year statute of limitations runs on some of their activities, several big banks are being sued by the Federal House Financing Agency.  I wish the Justice Department would get involved, because some of these people should be facing criminal charges, but I’ll take what I can get.

Of course there will be screaming about how this will jeopardize the recovery and all, as there have been over the Justice Department suit against the ATT merger.  But hey, a multi-billion dollar judgment would be good for the deficit, right?  Isn’t that the paramount concern these days?

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