On Sun, Oct 28, 2012 at 6:33 PM, <lynnk05@aol.com> wrote:
Hooray - Maybe we will get the witch hunt we need to keep those bankers on the short list. LK
-----Original Message-------
From: JK <jkmarnidaho@gmail.com>
To: opendebateforum <opendebateforum@googlegroups.com>
Sent: Wed, Oct 24, 2012 11:28 pm
Subject: Re: From Donna - "US sues Bank of America for $1B for mortgage fraud"
Its time to cut up the mega-banks!!!!
On Wednesday, October 24, 2012 11:35:40 AM UTC-6, GOD wrote:US sues Bank of America for $1B for mortgage fraud--
Associated Press
NEW YORK — The top federal prosecutor in Manhattan says he's suing
Bank of America for $1 billion for mortgage fraud against Fannie Mae
and Freddie Mac.
U.S. Attorney Bharara says Countrywide, which was later bought by Bank
of America, had procedures designed to process loans at high speed and
generated thousands of fraudulent loans.
Bharara says it's the first civil fraud suit brought by the Justice
Department concerning loans were later sold to Fannie and Freddie.
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