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The FHFA League Tables

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Felix Salmon has put together a useful score cardfor the Federal Housing Finance Agency (FHFA) lawsuits against the banks.

The methodology is pretty simple. Count up the pages and the number of individual defendants, then add in points if the government is seeking punitive damages. It turns out that the bank with the highest score is JPMorgan Chase, which might surprise folks.

But JPMorgan's score is skewed by the fact that Bank of Americais actually involved in three law suits. There's the one against Bank of America itself, of course. (Weirdly, labeled "Bank_of_America_Other" in the government's online filings.) Then there's the suit against Countrywide Financial, which was acquired by Bank of America. And then another against Merrill Lynch, also acquired by Bank of America.

If you add the Salmon Scores together it brings Bank of America into the lead by a long shot.

Here's Salmon's full table.

The FHFA Lawsuit League Table

Bank
Individual Defendants
Total Pages in Lawsuit
Punitive?
Score
JPMorgan 38 277 1 757
Countrywide 9 178 1 368
Goldman Sachs 9 136 1 326
Merrill Lynch 6 144 1 304
Morgan Stanley 7 110 1 280
Credit Suisse 13 122 0 252
Deutsche Bank 3 112 1 242
Bank of America 12 92 0 212
Ally 0 96 1 196
Citigroup 8 95 0 175
GE 0 66 1 166
RBS 5 115 0 165
HSBC 5 83 0 133
Nomura 5 79 0 129
First Horizon 4 82 0 122
SocGen 4 81 0 121
Barclays 3 70 0 100
Source: Felix Salmon

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