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BofA (BAC) may be able to dodge a $1B bullet in a lawsuit over mortgage-bond fraud, due to the...

BofA (BAC) may be able to dodge a $1B bullet in a lawsuit over mortgage-bond fraud, due to the problematic past of the whistleblower in the case. Former Countrywide exec Edward O'Donnell, along with the DOJ, is suing BofA for the alleged fraud against Fannie Mae and Freddie Mac. However, O'Donnell now works at Fannie and has himself been accused of fraud.
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  • what do I know
    , contributor
    Comments (1049) | Send Message
     
    My question is very simple and annoying me for sometime: Why could not Fannie Mae and Freddy could not sue B of A. The these two have lots of seasoned professional who are buy and sell these MBS all times and FNMY and Freddy are the injured parties, so why FNMY and Freddy need help from DOJ .
    11 Nov 2012, 04:40 PM Reply Like
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