Barofsky Says Banks May Face More Mortgage Litigation
Aug. 10, 2011
Aug. 10 (Bloomberg) -- Neil Barofsky, former special inspector general for the Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about possible lawsuits facing Goldman Sachs Group Inc. and other U.S. banks over sales of mortgage-backed securities.
The National Credit Union Administration is seeking damages in excess of $491 million from Goldman Sachs in a lawsuit filed yesterday. Barofsky speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)