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FDIC Wants $900M Suit Over Guaranty MBS In State Court

By Max Stendahl ( October 22, 2012, 5:22 PM EDT) -- The Federal Deposit Insurance Corp. urged a Texas federal judge on Friday to send back to state court its $900 million suit alleging several top banks tricked Guaranty Bank into buying toxic mortgage-backed securities, saying the case wasn't related to an ongoing bankruptcy proceeding. . . .

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