The latest trend is Wall Street firms looking to profit from the carcasses of 2008...
The epicenter of 2008 was Lehman, AIG, and Fannie Mae. All three of which were the locus of risk since they backed the trillions of derivatives spawned from subprime.
Fortunately, the one lawsuit was just now settled.
"A federal judge on Tuesday ruled against investors who are trying to collect billions of dollars in profits of government-chartered mortgage companies Fannie Mae and Freddie Mac."
"During the recent mortgage crisis, the government pumped $187 billion into the troubled companies"
"Investors had hoped lawmakers or the courts would force the government to give up rights to the earnings."
New Yorker: The AIG Trial is a Comedy:
"That’s three hundred million dollars he wouldn’t have had if Ben Bernanke and Tim Geithner, then the Fed chairman and the president of the New York Federal Reserve Bank, and Hank Paulson, the Secretary of the Treasury, had allowed A.I.G. to go belly up."