FHFA Lawsuit Over MBS; Financial Stocks, Economy

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Sept. 2 (Bloomberg) -- Frederick Cannon, director of research at Keefe, Bruyette & Woods Inc., and Daniel McMahon, director of equity trading at Raymond James & Associates Inc., talk about today's lawsuit over residential mortgage-backed securities filed against Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Barclays Plc by the Federal Housing Finance Agency, and the outlook for financial stocks and the broader market. Also named in the FHFA lawsuit are Nomura Holdings Ltd., HSBC Holdings Plc and Credit Suisse Group AG. Cannon and McMahon speak with Matt Miller, Betty Liu, Suzanne O'Halloran, Sheila Dharmarajan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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