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Bank of America (BAC) staff could face civil fraud charges as part of a government lawsuit that...

Bank of America (BAC) staff could face civil fraud charges as part of a government lawsuit that accuses the bank of misrepresenting the quality of home loans its Countrywide unit sold to Fannie and Freddie, causing losses of over $1B to taxpayers. It would be a rare move given the lack of cases brought against individuals over the financial crisis.
Comments (2)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    BofA...the gift that just keeps on giving.
    26 Oct 2012, 06:19 AM Reply Like
  • rambler1
    , contributor
    Comments (411) | Send Message
     
    What the hell! When Angelo Mozillo of Countrywide was being investigated why weren't these people? Why does it always take forever for someone to realize a crime was committed. As for Mozillo he should have received jail time. But all the money he made probably bought him the best lawyers and got him off with a fine.
    26 Oct 2012, 09:52 AM Reply Like
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