MORE BANKSTER FINES

This time it's the Swiss megabank Credit Suisse. The real news is that the fines go to Fannie & Freddie, the entities the conservatives and the neo-liberals tried to blame for the Great Recession.

Swiss bank will pay $885 million settlement for selling shoddy mortgage bonds in U.S.
By Agence France-Presse
Friday, March 21, 2014 18:05 EDT

Swiss bank Credit Suisse agreed Friday to pay $885 million to settle U.S. charges it sold shoddy mortgage bonds to Fannie Mae and Freddie Mac ahead of the financial crisis.

Credit Suisse will pay about $651 million to Fannie and $234 million to Freddie, said the Federal Housing Finance Agency, the conservator of the two companies rescued by government during the 2008 financial crisis.

The FHFA said the settlement resolves all of its claims in two lawsuits against Credit Suisse.