The National Credit Union Administration (“NCUA”) has filed suit against J.P. Morgan Chase and Royal Bank of Scotland seeking to recover more than $800 million in failed credit unions’ losses in residential mortgage-backed securities, and expects to file additional lawsuits against five to ten other Wall Street firms to recover billions of dollars in additional losses, according to a Wall Street Journal article by Ruth Simon and Liz Rappaport entitled “NCUA Sues J.P. Morgan, RBS Over Mortgage Bonds.”