Lest we forget that as a "Community Organizer" Obama himself worked on suits agasint banks to force them to essentially make bad loans that were eventually purchased by Freddie! Make no mistake that Obama, Frank, Dodd and those running Fannie and Freddie are as corrupt as those running the banks.
You are so wrong about the red herring. The problem is verymuch larger than that lawsuit could yield. The real problems are not being addressed because of the to big to fail mentality.Instead the failures are propped up and allowed to continue to live the life of riley.