U.S. SUES BANK OF AMERICA FOR $1 BILLION - MORTGAGE FRAUD
OCTOBER 25, 2012
The federal government filed a civil lawsuit against Bank of America Corp. (BAC), alleging the second-biggest U.S. bank by assets saddled taxpayers with losses by misrepresenting the quality of home loans it sold to mortgage-finance firms Fannie Mae (FNMA) and Freddie Mac (FMCC) .
My question would be, is $1 billion dollars enough? I guess it is a start in the right direction.
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Age To Age Ministries Int'l
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