Fannie Mae Sues Big Banks | WAMU 88.5 - American University Radio
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Fannie Mae Sues Big Banks

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Government-backed mortgage lender Fannie Mae sued nine of the world's largest banks Thursday, including Bank of America and JPMorgan Chase. The lawsuit contends that by manipulating the interest rate banks use to lend money to each other, the banks caused Fannie Mae to lose about $800 million.
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