Comment by victoro

This may be a gross oversimplification, but I don't get it: First the government bails out the large banks to the tune of 600 billion (give or take a few billion), 3 years ago. Now they realize that the banks were perpetrating fraud in the first place and decide to spend potentially millions (or maybe even hundreds of millions) along with the precious time of the already over-booked and underfunded federal court system to sue them. All to get some small fraction of the money that they gave to the banks back. And the banks will probably be using money the government gave them (some of that 600 billion had to last until now right?) to pay for their defense. Is this all basically an elaborate money laundering scheme for government lawyers, or just an expensive case of the US government being indian givers?