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FILE – In this March 24, 2009 file photo, a sign lies on the ground in front of a foreclosed home in Homestead, Fla. Officials in 49 states have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of homeowners. (AP Photo/J Pat Carter, File) 
Deadly Clear 
Most cities are incorporated in my recollection, are they not? According to citizens united corporations are people. So, by way of that ruling, cities can bring suit against the banks… True? Not a lawyer. Not legal advice. But I am a real person, flesh and blood.
If I were the employees union I’d bring suit and depose the crap out of the city and/or state about their investments in these unregulated securities and how much money they lost. Who gave the order to buy the risky securities…and who advised the order giver to buy them? For example, were there calls from Jed Bush to the Govenor while he worked for Lehman asking for pension funds to be invested to help with the cash flow? See The Sucker Punch post on DeadlyClear.