Obama’s MBS Task Force Primed For Fights With Big Banks

Law360, New York (August 9, 2013, 7:54 PM EDT) -- A new government lawsuit against Bank of America Corp. over housing bubble-era mortgage-backed securities and recent revelations of civil and criminal investigations from other big banks signal that President Barack Obama's financial fraud task force may finally start producing results, including high-profile cases.

Since taking office, Obama has established a series of task forces charged with bringing cases addressing alleged fraud in the mortgage and securities markets that led to the 2008 financial crisis. Despite several major cases brought by the groups, including the Financial Fraud...
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