A judge lets a pension fund lawsuit over MBS against Bank of America (BAC) and U.S. Bancorp...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

A judge lets a pension fund lawsuit over MBS against Bank of America (BAC) and U.S. Bancorp (USB) move forward. The banks are accused of failing to protect investors in their role as trustees for the securities backed by Washington Mutual.