Banks Say Justices' CTS Ruling Dooms FHFA's RMBS Suits

By Stewart Bishop (July 23, 2014, 8:20 PM EDT) -- Goldman Sachs & Co. and other banks Wednesday urged a federal judge to find claims by the Federal Housing Finance Agency that they knowingly sold toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac time-barred pursuant to a U.S. Supreme Court ruling narrowing the statute of limitations. ...

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