U.S. accuses Bank of America of mortgage-backed securities fraudJP Morgan & BOA together are on the hook for over $52,000,000,000
By David Ingram and Peter Rudegeair
WASHINGTON/NEW YORK | Tue Aug 6, 2013 7:04pm EDT
(Reuters) - The U.S. government on Tuesday filed two civil lawsuits against Bank of America that accuse the bank of investor fraud in its sale of $850 million of residential mortgage-backed securities.
The lawsuits are the latest legal headache for the second-largest U.S. bank, which has already agreed to pay in excess of $45 billion to settle disputes stemming from the 2008 financial crisis.
Tuesday, August 06, 2013
OF COURSE, THE BAGGERS STILL THINK IT WAS ALL DUE TO THE CRA
This is another amazing factoid about the banksters that I've missed:
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http://www.cepr.net/index.php/blogs/beat-the-press/do-we-want-high-house-prices-or-affordable-housing-lessons-on-the-government-debt
Isn't Baker saying that Obama is stumping for the Elite again here?
Isn't Baker saying that Obama is stumping for the Elite again here?
Obama is the weirdest "Marxist" I've ever come across. :-)
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