In its biggest suit yet, the National Credit Union Administration claims Bear Stearns sold $3.6 billion in shoddy mortgage-backed securities to four failed credit unions. But just like the cases that the Federal Housing Finance Agency brought against a slew of banks, the NCUA suits are in limbo as federal appeals courts weigh whether the agencies waited too long to sue.
Credit Union Regulator Unveils New JPMorgan Suit as Courts Mull Time Limits for Agencies' Claims
The Litigation Daily
December 17, 2012
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