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Bank of America sued by US for $1B
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[quote:Eagle # 1 25326508:MV8yMDI3NjY4XzM0MDc2MzY0X0I0MDg5QTc=] WHAT a laugh ! One bankrupt corporation suing another ! Guess who will pay the courtroom costs ? That's right ! Taxpayers, debt slaves .... YOU ! Eagle [/quote]
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link to www.kcci.com
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(CNN) —
The Justice Department is seeking $1 billion from Bank of America, alleging the bank committed fraud by selling defective mortgages from a program it says was known within the bank as "the Hustle."
Those mortgages were purchased by government-backed mortgage finance firms Fannie Mae and Freddie Mac, resulting in over $1 billion in losses for taxpayers and countless foreclosures, according to the complaint announced Wednesday the U.S. Attorney for the Southern District of New York.
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