Yeah nothing to see here.. just politics as usual. Not securities fraud on a massive scale.This new lawsuit could be just the beginning of a slew of state suits against the banks if no multi-state agreement is reached.
"To us, this is all about politics," claims Jaret Seiberg, of the Washington Research Group. "Massachusetts Democrats are all getting into election mode even though State Attorney General Martha Coakley is not facing re-election. This action will generate significant attention for Coakley and will help energize the Democratic base."
Lie, cheat, steal. Repeat.