A federal judge Friday agreed to consolidate two suits National Credit Union Administration (NCUA) has brought against Wall Street banks for their sale of faulty RMBS that went bad and helped cause the failure of U.S. Central Federal Credit Union and WesCorp Federal Credit Union, the two biggest of five corporate credit union failures.

The U.S. District Court for the District of Kansas ruled the separate NCUA suits have enough in common, that is the two major defendants, RBS Securities and Wachovia Capital Markets (now Wells Fargo) question whether NCUA as liquidating agent for the failed corporate filed the suits before the expiration of a statute of limitations on relevant securities claims.

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