Frustrated by the banks’ inability or unwillingness to stop an avalanche of foreclosures, some of the hardest hit states are considering lawsuits over the creation and marketing of millions of bad loans as well as the dismal pace of mortgage modifications. Such cases would have been impossible until a Supreme Court decision in June allowed the states to exercise their own supervision, giving them significant leverage.
http://www.nytimes.com/2009/11/03/business/03suits.html?_r=1&ref=business
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