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Message Subject
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Bank of America sued by US for $1B
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Poster Handle
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Ambassador Grantor |
Post Content
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[ link to www.kcci.com] (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. [snip] Quoting: mopar28m They get away with Trillions... and only get fined a Billion... Crime does pay ! White Collar pays the best ! Ahhhh.... don't you just FEEL the Freedom !?!?!?
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