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Bank of America sued by US for $1B
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[quote:Anonymous Coward 26226777:MV8yMDI3NjY4XzM0MDc5MDUzX0U0MkNFMUM4] a billion is chump change for these fuckers they have a billion in their pyjama pockets, along with that spunky tissue and that half sucked throat lozenge, ffs [/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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