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BofA disputes government's $2.1B claim in mortgage-fraud case

  • Bank of America (BAC) has disputed government claims that the company should pay $2.1B after the firm and one of its employees was found guilty in October of fraud over defective mortgages sold by the firm's Countrywide unit.
  • Bank of America argues it should only have to pay the amount that it generated in profit from selling the loans, which it says was nothing.
Comments (5)
  • only11toes
    , contributor
    Comments (23) | Send Message
     
    $2.1 B !!!!
    It's about time they grew a pair and said... "enough"
    27 Feb, 11:52 AM Reply Like
  • TBV
    , contributor
    Comments (113) | Send Message
     
    For the good of nation, leave the banks alone. Economy can not prosper without Banks making loans to all corners of society. What good of all the QE if banks can't lend money to people. Enough political points gained from beating on Banks already. Lets all move on.
    27 Feb, 11:53 AM Reply Like
  • jackooo
    , contributor
    Comments (1484) | Send Message
     
    Obama and Holder are Lord!!! Obey!!
    27 Feb, 12:31 PM Reply Like
  • critterlitter
    , contributor
    Comments (366) | Send Message
     
    Man oh man. When will the beatings cease? Of course, we do know --- they did bring it upon themselves...

     

    Anyway, going on the premise that BAC pulls no more bonehead moves in the future, things should bode well for them and the shareholders. Things will show an uptick, I feel, going into the third quarter this year.

     

    BAC is a good buy, even when not considering that sooner than later, a nickel a share should be coming in the form of a dividend, and certainly down the road, that nickel should be a dime.

     

    Peace.
    27 Feb, 02:06 PM Reply Like
  • TD Amateur
    , contributor
    Comments (6) | Send Message
     
    Too much money to be made with frivolous lawsuits......
    17 Mar, 02:35 AM Reply Like
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