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Reviews to:
Date: Tuesday, 15. December 2015
Author: Gast
Review:
I\'d like to pay this in, please rx testerol DeMarco sits in a kind of weird regulatory limbo: technically he only regulates Fannie and Freddie, but because hes a fully-empowered government regulator, that gives his lawsuits especial force. And so when he sues JP Morgan (and Citi, and Wells Fargo, and other mortgage-bond merchants), the suits fall somewhere in the middle between aggressive regulatory action and a simple civil claim brought by formerly private companies which suffered losses due to miss-sold securities. Most importantly, because DeMarco is a regulator, other regulators, including most importantly the Justice Department, can join in and, ultimately, settle the whole deal for a huge headline sum.
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