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Fed Mired in Lawsuits Over Bear Stearns Toxic Assets

First Posted: 10- 7-09 06:54 PM   |   Updated: 03-18-10 05:12 AM

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The Federal Reserve's ballooning balance sheet is turning into something of a legal morass.

Some of the $29 billion in troubled securities and loans the Fed took on from Bear Stearns as part of last year's rescue is starting to give rise to lawsuits. These are cases where the Fed is either suing to collect on a multi-billion commercial real estate debt or is trying to fend off claims from rival creditors.

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Filed by Grace Kiser  |  Report Corrections