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Cup of Joe to I-T Solutions

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  • Description

    FBN's Charles Payne on stocks to boost your portfolio.

  • Duration 1:13
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I we have some breaking news New York's attorney general suing Credit Suisse over alleged fraudulent sale of mortgage securities.

-- -- is in the newsroom with details on that Robert.

Hey Tracy that's right -- -- insane he's going after Credit Suisse using under the -- act here.

Of -- -- alleged fraudulent sale of mortgage securities residential mortgage backed securities.

These are prior to the crisis in fact -- going back.

To -- -- for 2000 ladies or a 20062007.

Vintage they've had about eleven point two billion dollars in losses thus far.

He says he has seeking investor damages to recoup those losses.

So again looking to -- some eleven point two billion dollars in losses goes on to say.

Here that he the Credit Suisse to due diligence was compromised by its ties to the loan originators.

-- this will be interesting to follow again we're going back pre crisis 0607.

Vintage.

Residential mortgage backed securities.

That we're sponsored an -- written by Credit Suisse again in 06 no seven about eleven point two billion dollars in losses seeking under the Martin act to suit.

-- -- recoup some investor damages there back to you.

Have a great thank you very much.

Here's -- like a ton of news today.

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