Economy/Business News Alert: Government sues 17 banks including Bank of America, Citi, Goldman Sachs over risky mortgages

---------------------------------------- Economy/Business News Alert: Government sues 17 banks including Bank of America, Citi, Goldman Sachs over risky mortgages September 2, 2011 4:53:40 PM ---------------------------------------- The Federal Housing Finance Agency, the regulator overseeing Fannie Mae and Freddie Mac, on Friday sued 17 major domestic and foreign banks, alleging they sold at least $179 billion worth of toxic mortgage securities to taxpayer-backed Fannie and Freddie in the years leading up to the financial crisis. The suits target Bank of America, Citigroup, J.P. Morgan Chase, Goldman Sachs and even General Electric, among others. http://link.email.washingtonpost.com/r/F490YD/GKRCQA/6WRJ0M/Q497Y1/MXHHJ/4O/h For more information, visit PostBusiness.com ---------------------------------------- Get The Washington Post app for iPad, iPhone or iPod Touch: http://itunes.com/apps/thewashingtonpost ---------------------------------------- Get breaking news alerts sent to your mobile phone. Sign up by texting NEWS to 98999. To unsubscribe, click here ---------------------------------------- ©2011 The Washington Post Company Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, DC 20071