NEW YORK – NCUA filed additional claims against underwriters of investments that led to the failure of the corporate credit unions, the latest one naming Morgan Stanley & Co. and eight other banks over $2.4 billion of faulty mortgage-backed securities sold to Southwest Corporate FCU and Members United Corporate FCUs.

The latest suit make similar claims as a dozen other suits brought by NCUA against the biggest banks, namely that the banks negligently packaged subprime loans into MBS that quickly soured, causing the two $14 billion corporates to fail in September 2010.

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