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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.
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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