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Banks Have Hissy Fit, Cancel Meeting With Attorneys General Due to FHFA Mortgage Litigation

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At www.nakedcapitalism.com

The five biggest banks cancelled a session today with the state attorneys general. This move was apparently to object to the FHFA lawsuits filed against 17 banks which Dave Dayen penciled out at $60 billion in potential liability. This hissy fit seems wildly misguided, since the FHFA has not been a party to the foreclosure settlement talks. It isn't even a part of the Executive Branch, so it's a little hard to charge that the Obama Administration is acting in bad faith (which seems to be the subtext).

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At www.nakedcapitalism.com

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