Description:Â Â Shares of Bank of America, JPMorgan Chase and others are hit hard following reports that a federal housing authority plans to sue a dozen or so banks for their shady mortgage dealings.
Source: CNNMoney.com â€“ video report
Questions for discussion:
- Do you believe these potential lawsuits have merit?
- How should investors deal with this â€œcloudâ€ hanging over these banks?
- What is the market reaction likely to be until this issue is resolved?
- Can you conceive of a goal of authorities, that explains this strategy and its logical outcome?