Tumblr Icon RSS Icon

Oklahoma Police Pension Fund Sues U.S. Bancorp Over Losses

By Zaid Jilani  

"Oklahoma Police Pension Fund Sues U.S. Bancorp Over Losses"


google plus icon

Bloomberg reports that U.S. Bancorp is being sued “by an Oklahoma police pension fund over allegations investors in mortgage bonds were hurt by the bank failing to ensure that securities were backed by loans.” The Oklahoma Police Pension and Retirement System is alleging that U.S. Bancorp “knew mortgage loans underlying the bonds weren’t properly transferred to trusts and caused investors to suffer millions of dollars in losses.” (HT: @matthewstoller)

‹ Protesters Interupt Bachmann’s Speech In South Carolina

Five Reasons Why Veterans Are Part Of The 99 Percent ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.