Federal Housing Finance suits are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank
"The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation.
The Federal Housing Finance Agencysuits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter.
The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims".
"To compensate for the lack of natural light around his new basement swimming pool, one London homeowner installed an outdoor camera that projects real-time images of the changing sky onto the pool ceiling. To assuage the concerns of swimmers who hate cramped spaces, another resident dug down so far beneath the earth that his pool is 16 feet deep and has a high-diving board.
Britain is not immune from the housing slump, and London is still reeling from last month’s riots. But never mind. In a city that has some of the richest people and most expensive real estate in the world, well-off homeowners who have exhausted the traditional methods of home expansion — build up, or build out — are enthusiastically branching out the only other way possible: down."
Bagel or baguette? J.F.K. or C.D.G.? Pigeons or rats? These abiding questions are the central conceit of Paris Versus New York: A Tally of Two Cities, the Web site by the Parisian graphic designer Vahram Muratyan.