FHFA did not succeed to the interests of Freddie Mac until Sept. 2008, so it acquired no interest in Freddie Mac’s NovaStar bonds until then.
Lehman Brothers bankruptcy is the largest in U.S. history. It invested heavily in predatory mortgages just as housing prices started falling.
Plaintiff claims HSBC Bank failed as trustee for about $2 billion worth of residential mortgage-backed securities trusts (RMBS).
Goldman Sachs is running out of cards to play before it has to explain to a jury its role in the 2008 and 2009 financial crisis.