Monday, October 8, 2012
National Credit Union Administration Sues Again, This Time Accusing Credit Suisse of 'Bait and Switch'
The National Credit Union Administration has filed its latest salvo accusing big banks of running a "bait and switch" operation when they peddled mortgage-backed securities. The agency accuses Credit Suisse and IndyMac of making false statements and omissions connected to the sale of more than $715 million of securities to three credit unions.
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